Question

The amount of discount which is compensated by the government, is known as_______. *

rebate

commission

profit

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Answer 1

Answer:

The amount of discount which is compensated by the government, is known as rebate.

Answer 2

From the given question the correct answer is:

rebate

The amount of discount which is compensated by the government is known as a rebate.

• Rebates are a marketing strategy employed to create an incentive to keep purchasing.
• Differently from discounts, rebates are given after the sale is concluded. These rebates were normally sent by physical e-mail with an application that had to be filled and sent back in order to receive it.