Prizes & Rewards

Prizes and rewards refer to tangible or intangible items, benefits, or forms of recognition given to individuals or groups for achieving specific goals, exhibiting certain behaviors, or excelling in an activity or competition. Prizes are often monetary or valuable items awarded in contests, games, or competitions, while rewards can include a broader range of incentives such as bonuses, gifts, or acknowledgments for accomplishments in various contexts, including work, education, or personal achievements. The purpose of prizes and rewards is to motivate participants, acknowledge hard work and talent, and encourage continued engagement or performance.