Crowdsourcing Refers to Inviting Broad Communities of People-Customers, Employees, Independent

question 52

True/False

Crowdsourcing refers to inviting broad communities of people-customers, employees, independent scientists and researchers, and even the public at large-into the new product innovation process.

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Definitions:

Net Loss

The amount by which total expenses exceed total revenues in a given period, indicating a financial loss.

Net Income

A company's total earnings post the subtraction of all expenses, taxes, and costs from its overall revenue.

Owner's Capital

This represents the total equity invested by the owners in a company plus any retained earnings, indicative of the net worth of the company from the owner's perspective.

Total Assets

Total assets represent the sum of all assets owned by an individual or organization, including both current and non-current assets.