DECA Marketing Cluster Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

What is a rebate?

A type of promotional plan

A full refund on a purchase

A partial refund for overpayment

A rebate refers to a partial refund given to a buyer after the purchase of a product or service, often used as a marketing strategy to encourage customer purchases. When a consumer buys an item, they may be eligible to receive a certain amount back after the transaction has been completed, typically requiring them to submit a form or claim. This process incentivizes purchases by effectively lowering the overall price.

Understanding rebates is important for businesses as they can increase sales volume and attract price-sensitive customers. The concept of a rebate also differentiates it from a full refund or other promotional strategies, emphasizing that it allows consumers to reclaim part of their money rather than receiving their entire amount back or only benefiting from a promotional offer without a financial return.

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A direct marketing strategy

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