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rabate
When buying a product or a service, the client can get a rebate (on the price) from the reseller so that the purchase will be cheaper for the client.
In B2B, a vendor can give rebates to his reseller when the reseller reaches a pre-define sales target. This rebate represents money which is refund to the reseller end of term (quarter, semester, year) which will, as a result, increase its margin.
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- Part of Speech: noun
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- Blossary:
- Industry/Domain: Business services; Financial services; Information industry; Manufacturing
- Category: Marketing; Accountancy
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