Asked by Sianni Heyward on Feb 18, 2024
Verified
What is characteristic of the patronage model of crowdfunders?
A) Investors provide financial support with no expectation of direct return.
B) Investors are given prizes for their financial support,such as product samples or experiences.
C) Equity is exchanged for the contribution.
D) Funds are treated as loans.
A) Investors provide financial support with no expectation of direct return.
B) Investors are given prizes for their financial support,such as product samples or experiences.
C) Equity is exchanged for the contribution.
D) Funds are treated as loans.
Patronage Model
A crowdfunding model where backers do not expect any direct return for their donation or investment.
- Understanding the different models of crowdfunding.
- Recognizing the role of investors in the patronage model.
- Identifying the characteristic of no direct return in the patronage model.
Verified Answer
XW
Learning Objectives
- Understanding the different models of crowdfunding.
- Recognizing the role of investors in the patronage model.
- Identifying the characteristic of no direct return in the patronage model.
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