Which of the following statements about rebates is True?
A) Rebates are refunds paid to consumers after a purchase.
B) Rebates ensure that the final consumer gets a producer's price reduction.
C) Many consumers purchase a product because a rebate is offered but then never request the refund.
D) Many consumers think that some sellers make it an unnecessary hassle to claim a rebate.
E) All of these statements about rebates are True.

Question

Quizplus · Accepted Answer

All of these statements about rebates are true. Rebates are a form of discount offered by the producer or retailer. They are paid to consumers after a purchase as a partial refund of the purchase price. Rebates can be an incentive for customers to purchase a product, but many consumers fail to claim the rebate because the process of claiming it is perceived as unnecessary hassle or too complicated. While rebates ensure that the final consumer gets a producer's price reduction, they can be misleading and result in the consumer paying more than they expected if they do not claim the rebate.

Which of the Following Statements About Rebates Is True