Definition : Sales challenge prize

A sales challenge prize is a reward or incentive offered to individuals or teams who successfully meet or exceed a specific sales goal or target. It serves as a motivational tool to encourage and drive sales performance, often in a competitive setting. This type of prize can take various forms, such as cash bonuses, gift cards, trips, or other valuable rewards, and is typically awarded to top performers in a sales competition or contest. The purpose of a sales challenge prize is to recognize and reward exceptional sales efforts, boost morale, and ultimately drive business success.

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