The Bargaining Power of Consumers Can Be the Most Important

question 118

True/False

The bargaining power of consumers can be the most important force impacting competitive advantage.

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Definitions:

Crowdfunding

A method of raising capital for a project or venture by asking a large number of people to donate small amounts of money, often via the Internet.

Crowdsourcing

A method where information, ideas, or content is gathered by requesting input from a broad audience, particularly through an online community.

Indiegogo

An international crowdfunding platform that helps people raise funds for creative projects, products, causes, and businesses.

Crowdfunding

A method of raising capital through the collective effort of friends, family, customers, and individual investors, primarily conducted online.