Lexeme: loyalty program  
Rare (0.02)
Definition:
  1. noun. A loyalty program is a marketing strategy implemented by businesses to reward and incentivize repeat customers. It typically involves offering various benefits, rewards, and exclusive perks to customers who consistently choose to purchase products or services from a particular brand. By participating in a loyalty program, customers are motivated to continue their patronage, thereby building a long-term relationship with the brand and fostering customer loyalty. These programs can include features such as points accumulation, discounts, freebies, personalized offers, access to exclusive events, and more. GPT3.5
Word Forms:
  • noun. loyalty program (singular), loyalty programs (plural)
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