business strategies (i really dont see how this is related to graphics but it’s in the textbook so i did it) Flashcards
1
Q
define crowd funding
A
people donate money to a business idea or project and awareness is raised
2
Q
why is crowdfunding useful?
A
for independent people or startup businesses who might find it difficult to get funding, also you can advertise your product
3
Q
how does crowdfunding work?
A
idea/project is advertised on social media and people can donate to it
4
Q
what is a co-operative business?
A
an organisation that is run jointly by its members
5
Q
what are some advantages of co operative businesses?
A
members share the profits made
benefits from the buying power of the whole membership
all combine ideas
6
Q
disadvantage of co operative businesses?
A
all members must agree before taking an idea forward
