FIN Unit 5 DB - product comes in Companies make obtaining a...

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Lorraine Huff Unit 5 Discussion Board July 11, 2010 Industry figures show that 40 percent to 60 percent of rebates go unredeemed. While some of the rebates are not redeemed because consumers do not bother to send them in, in all too many cases even the most diligent consumer is unable to receive his or her rebate. "Rebates are extraordinarily popular for the very reasons that most of them go unredeemed and provide what is essentially free money to the manufacturers." says U.S. Senator Charles E. Schumer. Rebates offered by companies are ethical, as long as they are honored by that company. The majority of the rebates that are offered have rules that must be followed before they will honor the rebate such as receipts, proof of purchase, even the bar codes from the boxes that the
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Unformatted text preview: product comes in. Companies make obtaining a cash rebate extremely hard for the consumer. If the consumer does not redeem their rebate, it is in essence, free money for the company that produced the product. A company will go to great lengths to ensure not having to make the pay out; lengths so great that the majority of consumers will not even attempt to obtain the rebate because they see it as too much of a hassle, and don’t think that the $25 or $50 is worth the effort. In doing this, consumers are basically giving away their own money and filling the pockets of the corporations. References Montaldo, D. L. (2010). Taking Control of Rebates . Retrieved July 10, 2010, from about.com: http://couponing.about.com/od/bargainshoppingtips/a/rebatefraud.htm...
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