In Pricing : there are 2 diffrerents topics a Rebate Agreements & Discount
In Pricing : there are 2 diffrerents topics a Rebate Agreements & Discounts.
Can anyone let me know the difference.
Edited by: madhu tatikonda on Oct 8, 2008 10:33 PM
Sudheer Rayala 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.