What is the term for cash refunds given for the purchase of a product during a specific period?
A)rebates
B)loss leaders
C)reciprocal allowances
D)promotional allowances

Question

Quizplus · Accepted Answer

Rebates are cash refunds given to customers who purchase a product during a specific period. They are often used as a promotional tool to incentivize customers to buy a certain product. Loss leaders refer to products sold at a loss to attract customers, reciprocal allowances are discounts given in exchange for a customer buying a certain amount of product, and promotional allowances refer to discounts given to retailers for promoting a certain product.

What Is the Term for Cash Refunds Given for the Purchase