Difference Between Discount And Rebate
The main dissimilarities or differences between discount and rebate can be pointed out as follows:
1. Introduction
Discount: Concession in the purchase price of goods or services on the spot during a sale
Rebate: Partial return of the purchase price by the trader or seller after the payment is made by the customer
2. Time
Discount: It is made immediately at the point of sale
Rebate: It is made after the full payment
3. Availability
Discount: It is provided to all customers
Rebate: Only specified customers can enjoy the benefit of rebate
4. Popularity
Discount: It is more popular than rebate
Rebate: It is less popular
Also Read:
Also Read:
5. Given On
Discount: It is given on the initial price or purchase price of the products or services
Rebate: It is given on rent, utility bills, consumers electronics etc
6. Type Of Strategy
Discount: It is a marketing strategy to sell the products
Rebate: It is a sales promotion strategy to encourage heavy purchase
7. Price Reduction
Discount: It is reduction in the initial price
Rebate: It is refund of some of the purchase price
Discount Vs Rebate (Comparison Chart)
I hope this post is helpful to understand the difference between discount and rebate and to make comparison between them.
Discount Vs Rebate (Comparison Chart)
Basis For Difference
|
Discount
|
Rebate
|
Introduction
|
Concession in purchase price
|
Partial return of purchase price
|
Occurrence Time
|
Point of sale
|
After payment
|
Availability
|
For all buyers
|
For specific buyers
|
Popularity
|
More
|
Less
|
Given On
|
Initial price of the product
|
rent, utility bills etc.
|
Strategy
|
Marketing strategy
|
Promotion strategy
|
Refers To
|
Price reduction
|
Refund of some price
|
I hope this post is helpful to understand the difference between discount and rebate and to make comparison between them.
