Kriyoto Inc.is a retailer of printers,scanners,and other office equipment.It announced a cash refund for corporate purchases in quantities more than ten.Rick purchased ten color printers for his office from Kriyoto during this sale.To avail the cash refund,he had to mail in a proof of purchase,purpose of purchase,proof of his company's legality,and his cash register receipt.In this case,Rick has received a:

Question

Quizplus · Accepted Answer

The situation describes a rebate, which is a refund or partial refund of the purchase price offered by the retailer or manufacturer. In this case, Kriyoto Inc. is offering a cash refund for corporate purchases in quantities greater than ten. Rick purchased ten color printers and is eligible for the refund by following the specified process.