What Are Loyalty Programs and Why Are They Gaining Popularity

question 16

Essay

What are loyalty programs and why are they gaining popularity? Name two successful Canadian loyalty programs.

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Definitions:

Rental Payments

Regular payments made by tenants to landlords in exchange for the use of residential or commercial property.

Individual Producers

Entities or persons that create goods or provide services in an economy, ranging from small businesses to large corporations.

Single Tax

A system where only one type of tax is levied, often proposed as a land value tax where only the value of land itself is taxed, excluding the value of buildings or improvements.

Land

A factor of production that refers to the natural resources used to produce goods and services.