Keyword Analysis & Research: rebates definition economics

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What is the definition of rebate?

A rebate is an amount paid by way of reduction, return, or refund on what has already been paid or contributed. It is a type of sales promotion that marketers use primarily as incentives or supplements to product sales.

What does price rebate mean?

A rebate is a form of price reduction or refund on a product that has already been purchased. It is commonly used as a sales promotion by many companies in order to encourage customers to make a purchase.

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