Final answer:
A bounce-back coupon is a promotional tool that is not immediately redeemable, given to customers to encourage future purchases and customer loyalty.
Step-by-step explanation:
A bounce-back coupon is: A) not immediately redeemable. Bounce-back coupons are incentives given to customers when they purchase a product or service, which can be used on their next visit or purchase. Unlike immediate discounts, these coupons are meant to encourage return business by providing a benefit that can be redeemed in the future, hence the term "bounce back."
They are typically distributed by retailers rather than manufacturers and can be considered a form of a loyalty program or customer retention strategy.
A bounce-back coupon is a form of premium that is used at the time the product is purchased. It is immediately redeemable and is typically distributed by a manufacturer to encourage repeat purchases. This type of coupon provides customers with an incentive to return to the same store or brand for future purchases.
Therefore answer is D) used at the time the product is purchased.