0/0 ANSWERED

When did rebates first appear?

1700s
1800s
1900s
2000s

What is one definition of a rebate?

A deal in which a supplier returns a portion of a customer’s purchase price after they buy a certain amount of a product
When a supplier lowers the cost of a product by offering a percentage off the price
A discount
None of the above

You have a rebate deal with a supplier. For every 5,000 gizmos you purchase, you gain a 2% rebate. This is an example of a...

Product rebate
Stocking rebate
Volume rebate
None of the above

You’re a supplier and want to increase brick sales. You decide to offer a rebate to anyone who purchases brick and lumber in combination. This is an example of a...

Product rebate
Stocking rebate
Volume rebate
None of the above

Rebates can make up to what percent of a distributor’s profits?

70%
80%
90%
100%

What’s the difference between a discount and a rebate?

A discount is applied BEFORE a purchase and a rebate is applied AFTER a purchase
A discount is applied AFTER a purchase and a rebate is applied BEFORE a purchase
Discounts are for consumers and rebates are for businesses
There is no difference

What is a buying group?

A group of entities who combine their buying power to achieve better terms or pricing.
A groups of distributors who combine their purchasing power
A groups of manufacturers who combine their purchasing power
A group of distributors and manufacturers who work with retailers

Rebates can be a great tool for driving:

Sales
Collaboration
Brand loyalty
All of the above

Volume rebates are used by what percentage of distributors?

90%
100%
50%
10%

What is the best way to calculate rebates?

By hand
With an ERP solution
Using rebate management software
In a spreadsheet