Which type of program typically includes rewards for achieving specified sales targets?

The correct answer is the sales performance incentive fund. This type of program is designed specifically to motivate sales personnel by providing financial rewards or incentives once they reach or surpass predetermined sales targets. The emphasis is on recognizing and rewarding outstanding performance, which aligns directly with the goals of sales teams. By tying compensation to actual results, organizations can incentivize productivity and drive results in a competitive market.

Unlike the other options, which focus on different aspects of compensation, the sales performance incentive fund is explicitly crafted around the achievement of sales metrics. The annual salary review typically assesses overall job performance and may or may not tie into sales outcomes, while a piece-rate incentive program primarily compensates employees based on the quantity of goods or services produced, rather than sales targets. Merit pay programs reward employees based on overall performance and contributions but do not specifically incentivize reaching sales goals like the sold performance incentive fund does. This clarity in purpose makes the sales performance incentive fund the most suitable answer for this question.