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Online Competitors Introduced Two New Concepts That Challenged Newspaper Executives

question 21

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Online competitors introduced two new concepts that challenged newspaper executives to maintain the foothold their classified advertising sections had. The concepts are:


Definitions:

Crowdfunded Product

A product or project financed by raising small amounts of money from a large number of people, typically via the Internet.

Advertised Ship Date

The publicly announced date on which a product is expected to be shipped to customers or retailers from the manufacturer.

Crowdfunding Site

A website that allows individuals or businesses to raise funds for various projects or ventures by collecting small amounts of money from a large number of people.

Formal Loan

A loan that is legally structured and documented, typically provided by financial institutions under agreed terms and conditions.

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