MANAGEMENT

Detailed explanation-1: -Rebates incentives are used to encourage purchases across a specified group of products. The incentive offered by the manufacturer or supplier means that the more you trade with this partner over the course of the deal, the better the rebate rates you receive.

Detailed explanation-2: -A rebate is a form of buying discount and is an amount paid by way of reduction, return, or refund that is paid retrospectively. It is a type of sales promotion that marketers use primarily as incentives or supplements to product sales.

Detailed explanation-3: -Types. Discount Rebate: It is a guarantee of a reduction in the value of the goods. These are used while calculating the expected costs. Target Rebate: It is a type in which there is no actual guarantee of a reduction in the goods’ value.

Detailed explanation-4: -Rebate on Bills Discounted is also known as Discount Received in Advance, or, Unexpired Discount or, Discount Received but not earned.