Describe the Four Basic Approaches to Crowdfunding

question 13

Essay

Describe the four basic approaches to crowdfunding

---

Definitions:

Promotion

The efforts taken by a company to increase awareness of a product or service to stimulate sales through advertising and incentives.

Predictable Demand Variability

Refers to fluctuations in demand that can be anticipated based on patterns or historical data.

Managing Inventory

The process of overseeing and controlling the ordering, storage, and use of components that a company will use in the production of the items it will sell, as well as the management of finished products that are ready for sale.

Common Components

Elements, parts, or materials that are frequently used or shared across different products or services.