The purpose of rebates is to incentivize customers to purchase a certain product or service. Rebates can offer customers a percentage of the cost back when they purchase something, allowing them to get more bang for their buck. Businesses and manufacturers also use rebates as promotions to stimulate sales and compete with other companies. Additionally, rebate programs can create loyalty in consumers because it adds value to their purchasing experience. In retail, rebates are typically offered on big-ticket items such as home appliances, televisions, furniture, electronics, and cars. Business-to-business companies usually offer rebates when customers place large wholesale goods or materials orders. They are an effective way for businesses to increase sales and customer loyalty while helping customers save money.