Financing a business online through the collective involvement of others who provide donations,loans,or investments is referred to as _____.
A) crowdfunding
B) bootstrapping
C) microfinancing
D) crowdsourcing

Question

Quizplus · Accepted Answer

Crowdfunding is specifically designed to raise funds through the collective involvement of others who donate, loan, or invest in a business project or idea. Bootstrapping refers to starting a business with minimal capital or personal resources. Microfinancing refers to providing small loans to individuals or businesses in developing countries. Crowdsourcing involves outsourcing tasks or projects to a large group of people.

Financing a Business Online Through the Collective Involvement of Others