Final answer:
The benefit of redeeming points for special events and outfits in the Audience Rewards program exemplifies a loyalty program reward. This type of program incentivizes customers to remain loyal to a brand by providing exclusive benefits.
Step-by-step explanation:
The benefit described in the Audience Rewards program where customers can redeem their points for special events and fashion outfits is an example of a loyalty program reward.
Loyalty programs are designed to incentivize customers to continue using a company's services or products by offering exclusive benefits and rewards. By participating in these reward programs, customers can gain access to unique experiences and products that are not available to the general public, which encourages further engagement and brand loyalty.