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When upper-level management prepares a budget with consultations from managers and employees, the firm has a
Working Prototype
A prototype that has enough features to be used for testing and validation of a product concept.
Crowdsourcing
The practice of obtaining ideas, services, or content by soliciting contributions from a large group of people, typically from an online community.
Financial Capital
The monetary resources and assets owned or available to an individual, organization, or country for use in production or investing.
Crowdfunding Model
A method of raising capital through the collective effort of friends, family, customers, and individual investors.
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