Multiple choice

A deduction of the quoted price is called as _______

  1. Offer

  2. Rebate

  3. Discount

  4. Bonanza

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A rebate is a deduction from the quoted price that is returned to the customer after the purchase is complete. Unlike a discount (applied at purchase), a rebate involves the buyer paying full price first, then receiving a partial refund later. This differs from general offers or bonanzas which are promotional tactics.