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Yuri [45]
3 years ago
7

In planning their wedding, a couple creates a website that will allow friends and relatives to donate money to their honeymoon e

xpenses in lieu of traditional wedding gifts. This is an example of ________.
a. crowdsourcing
b. crowdstorming
c. crowdfunding
d. crowdmarketing
Business
1 answer:
Mekhanik [1.2K]3 years ago
6 0

Answer: c. Crowdfunding

Explanation: Crowdfunding is funding by many individuals pooling their money together for a common goal, usually via the Internet. The required amount for the project is raised by pooling small sums of money from a large number of people. Each individual acts as an agent of the offering, by selecting and promoting the projects in which they believe in. A wide range of profit-based ventures such as creative projects, medical expenses, travel etc. have employed crowdfunding as a means of sourcing funds.

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3 years ago
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~ Zoe
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