Crowdsourcing Is ________

question 40

Multiple Choice

Crowdsourcing is ________.

• A) raising startup capital from a crowd
• B) gathering opinions about products from customers
• C) sourcing resources within a group of people
• D) joining together to improve efficient use of goods and services

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Definitions:

Luxury Items

High-end products or services that are considered superior in quality and status, often associated with a significant price.

Economic Power

The ability of a country, business, or individual to influence or control economic activities, markets, and outcomes due to their financial resources, production capabilities, or market position.

Total Output

The total value of all goods and services produced within an economy over a specific period, often used as a measure of economic performance.

Economic Conflict

Disputes between countries, organizations, or groups over resources, economic policies, or trade practices that can affect global or local economies.