Each year executive members at Costco receive an annual voucher toward future Costco purchases. The voucher value is calculated as 2% of the value of their annual purchases. What type of loyalty program is this?

Question

Quizplus · Accepted Answer

The voucher is a rebate because it is a return of a portion of the money spent on purchases, calculated as a percentage of the total annual purchases.

Each Year Executive Members at Costco Receive an Annual Voucher