In which of the following cases is crowdsourcing used for new product development?
A) A company creates a forum where anyone can contribute new product ideas.
B) A company hires a marketing agency to generate new product ideas.
C) A company reviews the sales, costs, and profit projections of an existing product.
D) A company depends on its R&D department to come up with new ideas.
E) A company partners with a design agency to create a few prototypes.

Question

Quizplus · Accepted Answer

Crowdsourcing is the practice of obtaining ideas, solutions, or services from a large group of people, typically through an online platform. In this case, a forum where anyone can contribute new product ideas is an example of crowdsourcing for new product development. Option B suggests outsourcing to an agency, Option C involves a review of existing products, Option D relies solely on the company's R&D department, and Option E involves partnering with a specific design agency, none of which necessarily involve crowdsourcing.

In Which of the Following Cases Is Crowdsourcing Used for New