on 12-06-2007 12:33 PM
hi friends
i am deva
what is rebates? waht is discount ? and difference between them?
Rebates: A rebate is a special discount which is paid retroactively to a customer. This discount is based on the customer's sales volume over a specified time period.
For example customer (eg H&B company) will be getting 10% amount of discount if they purchase an amount of 50,000 in 3months from that vendor and for particular articles(goods).
discount is paid immediately and it cannot be accumulated
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rebate is a price discount granted to a customer in the form of credit memo over a period of time if some conditons r met by the customer
eg: if a customer purchases 1 lakh worth of goods in 6 months company gives him
credit memo of 10% in this scenario he wiil get the credit memo gets after 6 months or if he fullfils the pruhase of producte 1 lakh
where as discount is a price reductyion at the time of sale which is giving to a customer.
eg : in this scenario he will get the direct benefit when the purchase of goods will happen
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dear reddy
Rebate is a partial repayment, whereas a refund is a repayment of the total purchase price and Discount is reduction in Price
Or
Rebate: an incentive to be given to a customer. Clubbed with qty purchased by a customer within the period specified (say one month)-conditional.
Discount: unconditional, to be given to a customer on account of heavy purchase by one single billing. From the price List (Base price
rewards pls
siva
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