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Rebates by Nick and Nathan

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Mr. Parke

on 19 October 2016

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Transcript of Rebates by Nick and Nathan

What are Rebates?
Rebates are a partial refund to someone that paid too much for taxes, shopping, or rent.
Usage over time for rebates:
In the early 1900s, rebates were used the most.
What percent of rebates are redeemed?
Our opinions about rebates:
Nathan: "Rebates are not a very good idea because customers either lose their receipts or employees don't follow through."

Nicholas: "I think rebates are not the best idea. Like Nathan said, they either lose the receipts or the managers don't work with the customers. "
What we think!

By: Nick and Nathan
About 60% of rebates are redeemed, and about 40% of mail-in rebates are not redeemed or not with the correct amount of money.
Why stores use rebates:
The reason stores use rebates are for two reasons. First, the stores want people to come back. Second, the stores know that not everybody will use them.
20% said it took to much effort, while the other 20% lost their receipts. This makes up the 40% of people who don't or didn't use the rebates.
What percent of rebates are redeemed? (Continued)
Full transcript