Rebates Basics Quiz

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When did rebates first appear?

What is one definition of a rebate?

A deal in which a supplier returns a portion of a customer’s purchase price after they buy a certain amount of a product

When a supplier lowers the cost of a product by offering a percentage off the price

None of the above

You have a rebate deal with a supplier. For every 5,000 gizmos you purchase, you gain a 2% rebate. This is an example of a...

Stocking rebate

None of the above

You’re a supplier and want to increase brick sales. You decide to offer a rebate to anyone who purchases brick and lumber in combination. This is an example of a...

Stocking rebate

None of the above

Rebates can make up to what percent of a distributor’s profits?

What’s the difference between a discount and a rebate?

A discount is applied BEFORE a purchase and a rebate is applied AFTER a purchase

A discount is applied AFTER a purchase and a rebate is applied BEFORE a purchase

Discounts are for consumers and rebates are for businesses

There is no difference

What is a buying group?

A group of entities who combine their buying power to achieve better terms or pricing.

A groups of distributors who combine their purchasing power

A groups of manufacturers who combine their purchasing power

A group of distributors and manufacturers who work with retailers

Rebates can be a great tool for driving:

All of the above

Volume rebates are used by what percentage of distributors?

What is the best way to calculate rebates?

With an ERP solution

Using rebate management software

In a spreadsheet