BUSINESS ADMINISTRATION
MANAGEMENT INFORMATION SYSTEM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Global graph
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Crowdsourcing
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Crowdfunding
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Social brainstorming
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Detailed explanation-1: -Crowdfunding is the use of small amounts of capital from a large number of individuals to finance a new business venture. Depending on the type of crowdfunding, investors either donate money altruistically or get rewards such as equity in the company that raised the money.
Detailed explanation-2: -Kickstarter is a crowdfunding platform that’s heavily focused on catering to creative projects like art, music, film, technology, etc. The site boasts higher pledges to date than every other major crowdfunding platform combined.
Detailed explanation-3: -Crowdfunding for startups is great when a startup doesn’t have access to investors. They can simply launch a great campaign on a crowdfunding website and get funding from the public for their product.
Detailed explanation-4: -Crowdfunding is a form of fundraising where a business asks the public for a contribution, usually in exchange for equity in the company. Crowdfunding usually entails a private company asking large numbers of people for small contributions.