Asked by Jessica canastuj on Feb 18, 2024
Verified
Crowdsourcing would be the fastest way of raising financial capital for your business.
- Identifying different methods of raising financial capital for a business.
- Evaluating the advantages and disadvantages of crowdsourcing as a fundraising strategy.
- Understanding the concept of crowdsourcing and its potential benefits for businesses.
Verified Answer
AG
Alejandro GarciaFeb 18, 2024
Final Answer :
False
Explanation :
Crowdsourcing is a method for gathering information or input from a large group of people, typically via the internet, rather than raising financial capital. For raising financial capital quickly, methods such as venture capital, angel investors, or crowdfunding platforms might be more effective.
Learning Objectives
- Identifying different methods of raising financial capital for a business.
- Evaluating the advantages and disadvantages of crowdsourcing as a fundraising strategy.
- Understanding the concept of crowdsourcing and its potential benefits for businesses.
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