A rebate usually consists of a percentage discount that is applied to the price of a product.
Discount is the action and consequence of lowering something , usually a price . The verb lower , for its part, refers to lowering or diminishing something. For example: “Take the opportunity to buy these pants, they are on sale” , “The sales in the store surprised me” , “There have been no discounts on ticket prices for a long time” .
The opposite of a reduction is an increase or increase . When price increases are frequent in a country, the economic phenomenon known as inflation occurs.
Price or rate reduction
The notion of discount can refer to the process of lowering prices or rates , to the discounted product or even to the temporary period in which items or services are offered at reduced prices.
Suppose that, in a restaurant, salads used to be sold for twenty pesos per unit. During one weekend, however, the owner of the business decides to apply a 50% discount on the price. In this way, salads can be purchased during that period for ten pesos.
Services that require payment of a monthly subscription may also be subject to discounts. An Internet company launches a promotion that consists of paying the connection subscription with a 20% discount during the first three months for all new customers.
The idea of rebate can be associated with the notion of discount.
Discount periods
Starting from this concept and meaning we have to establish that, currently, there are sales periods that are very successful. These are days or weeks during which all commercial establishments in a city or country show a notable decrease in the prices of their products and services. The objective of this measure is none other than to encourage purchases.
In the month of January, once the Christmas holidays come to an end, a sales period usually opens that is used by many people to be able to purchase clothes, books or any other product they need at a much cheaper price.
Discount, liquidation and balance sale
Sometimes, discount is often confused with liquidation and balance, but they are different things:
- The sale is the sale of an item at a price lower than that usually set at the end of a season.
- Liquidation is the sale of items at a much lower price than they had because the establishment is going to close permanently, because it is changing premises or because it is going to undergo works.
- Bargain sales are those carried out with products that have a lower than normal price because they are damaged or because they are “out of fashion.”
Salary cut
Salaries, on the other hand, may suffer a reduction when the employer decides to cut. If a worker earned $ 3,000 per month and, starting in month
Faced with this situation, what many workers make is the decision to leave the company, by not accepting the reduction in their salaries. In some of these cases, depending on the circumstances surrounding it, it may be considered that the termination of the contract in this way is directly equivalent to a dismissal , so the employees must be compensated accordingly.