"Crowdsourcing" Is

question 11

Multiple Choice

"Crowdsourcing" is:

• A)A way to design products that satisfy the largest number of people
• B)A way to get ideas or services from a large number of sources, usually on-line
• C)Not used for process innovation, mostly only for product innovation
• D)A way identify and hire the best and brightest new employees

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Definitions:

Consumption

The act of using up goods and services by individuals or groups, often analyzed in the context of economic activities and impacts on well-being.

Human Development Index

A composite statistic used to rank countries based on levels of human development factors like life expectancy, education, and per capita income.

Customer Segment

A subgroup of people or organizations sharing one or more characteristics that cause them to have similar product and service needs.

Final Goods

Products that are completed and ready for sale to the end consumer.