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In Pricing : there are 2 diffrerents topics a Rebate Agreements & Discount

Dear members,

In Pricing : there are 2 diffrerents topics a Rebate Agreements & Discounts.

Can anyone let me know the difference.

Thank you

Edited by: madhu tatikonda on Oct 8, 2008 10:33 PM

replied

Rebate is something that is done post sales and actively by customer.

E.G. - by mailing/calling the vendor and submitting necessary documents (usually proof of purchase)

Once approve the customer gets the credit.

only exception to this is instant rebate which is a Discount.

Discount - on time of sale, so you see the price deduction on the invoice.

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