What Should Be Done by an Entrepreneur Who Expects a Successful

question 86

Multiple Choice

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

• A)Offer samples of the product so that the investor can have a hands-on experience with the product.
• B)Test the product with a survey or beta test prior to the campaign.
• C)Set up links with suppliers, distributers, and warehouses before launching the product on a crowdfunding site.
• D)Prepare for a backup fundraiser plan.

---

Definitions:

Fixation

An obsessive focus or attachment to someone or something that can result from unresolved developmental conflicts.

Framing Effect

A cognitive bias where people decide on options based on whether they are presented in a positive or negative way.

Ground Beef

Minced or finely chopped beef used in various dishes, such as burgers, meatballs, and tacos.

Confirmation Bias

The tendency to search for, interpret, and remember information in a way that confirms one’s preconceptions, leading to statistical errors.