DBC 2401 - Discount and Rebate – Difference

 

The Banking Tutor 

                Daily Banking Concept -  2401    

 Discount and Rebate – Difference

 

Discounts are immediate price reductions applied at the point of purchase, whereas rebates are post-purchase, conditional returns of money, often paid later. Discounts encourage immediate sales, while rebates foster customer loyalty, gather data, or reward volume purchases over time