Reduction is the action and the consequence of lowering something , usually a price . The verb lower , meanwhile, refers to doing descend or dwarf something. For example: "Take the opportunity to buy these pants, is on sale", “The store sales surprised me”, "It's been a long time since there are no discounts on the price of tickets".
The notion of rebate may refer to descent process of prices or tariffs , to the discounted product or even to the temporary period in which the items or services are offered at reduced prices.
Suppose that, in a food house, salads used to sell for twenty pesos per unit. During a weekend, however, the owner of the Commerce decides to apply a reduction of 50% about the price. In this way, salads can be purchased in that period at ten pesos.
Starting from that concept and meaning we have to establish that, at present, there are periods of sales that enjoy great success. These are days or weeks during which all commercial establishments in a city and a country show a marked 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 period of sales opens that is used by many people to be able to purchase the clothes, books or any other product they need at a much cheaper price.
Sometimes, rebate is often confused with settlement and balance, but they are different things:
-The reduction is the sale of an item at the price lower than the one usually set at the end of a season.
-The liquidation is the sale of items at a much lower price than it had because the establishment is going to close definitively, because it changes premises or because it is going to undergo works.
-The sale of balance is that which is carried out with products that have a lower price than normal because they are damaged or because they are “outdated”.
The services requiring payment of a monthly payment can also be subject to rebates. A company of Internet launches a promotion that consists of paying the connection payment with a reduction of 20% during the first three months for all new customers.
Salaries, on the other hand, may suffer a reduction when the employer decides to cut. If a worker charged $ 3,000 per month and, from one month X , he goes on to collect 2,000 dollars, he will have experienced a reduction of 1,000 dollars a month in its remuneration .
Given this situation, many workers take the decision to leave the company, not accepting the reduction of their salaries. In some of those cases, depending on the circumstances surrounding it, it can be considered that the termination of the contract in that way directly amounts to a dismissal, so employees must be compensated accordingly.
The opposite of a rebate is a increase or increase . When price increases are frequent in a country, the economic phenomenon known as inflation .