A refund of a portion of the purchase price usually granted by the product's manufacturer to consumers is known as a _____.
A)cash discount
B)rebate
C)functional discount
D)trade-in

Question

Quizplus · Accepted Answer

A rebate is a refund of a portion of the purchase price granted by the product's manufacturer to consumers. A cash discount is a reduction in the price offered to a customer who pays for a product or service in cash or within a short period of time. A functional discount is a discount offered to customers for taking on certain functions such as storage or transportation of goods. A trade-in involves exchanging an old product for a new one, often with a monetary value assigned to the old product. Therefore, the best choice is B.

A Refund of a Portion of the Purchase Price Usually