Refunds And Rebates

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Abhijeet S
• Refunds And Rebates


Refund is the repayment of total money paid for purchase, while the rebate represents repayment of only part of the money paid for the purchase.


Refund offers seems to work very well in guaranteeing the trial of a product or service since there is no risk involved for the customer because of the promise of total refund of the purchase amount.


Refunds and Rebates play an important role in the consumer durable segment because the product price is reduced to a great extent because of the rebate offer.
 
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