What Should Be Done by an Entrepreneur Who Expects a Successful

question 48

Multiple Choice

What should be done by an entrepreneur who expects a successful crowdfunding campaign?

• A)Know and plan how to deliver the product to a large group of consumers.
• B)Offer samples of the product so that the investor can have a hands-on experience with the product.
• C)Test and refine the idea so that the product is clear and the investor knows what problem the product solves.
• D)Test the product with a survey or beta test prior to the campaign.

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Definitions:

Per Annum

Annually; indicating an amount or a statistical value per year.

Equivalent

Identical in worth, quantity, role, significance, and so forth.

Term Deposits

Fixed amount of money held at a financial institution for a fixed term, earning a guaranteed interest rate.

Simple Interest

Simple interest is a method of calculating the interest charge on a loan based on the original principal amount and the interest rate, without compounding.