Fred has visited several Toyota dealers looking for the best terms on a new car. He wants a great trade- in for his old car plus he is trying to negotiate a number of free accessories such as alloy wheels, air conditioning and GPS. Fred knows that he can drive a hard bargain with the Toyota dealers and that regardless of which dealer he selects, he will still qualify for the manufacturer's advertised "cash back" offer of $1,000 on every new car purchased before 30 July. Toyota's cash back offer is BEST described as a(n):
A) allowance.
B) special price.
C) discount.
D) loss leader.
E) rebate.

Question

Quizplus · Accepted Answer

The manufacturer's advertised "cash back" offer is a rebate, as it is money that is returned to the customer after the purchase has been made.

Fred Has Visited Several Toyota Dealers Looking for the Best