Factors

Question 1

What does educate/promote mean?

Answer 1

To educate the audience about an issue or raise awareness of a product

Question 2

What does entertain mean?

Answer 2

Entertaining is to gain attention of an audience so that they relax and enjoy the activity.

Question 3

What does informing mean?

Answer 3

To inform is to provide facts about a topic or answering a question

Question 4

What are the different financial constraints?

Answer 4

1. Premises & Resources
2. Staffing
3. Location
4. Transport
5. Legal Costs

Question 5

What is a revenue stream?

Answer 5

A revenue stream is a method of raising money for a project that contain elements of unpredictability, risk and return.

Question 6

Different types of Revenue Streams

Answer 6

1. Advertising
2. Subscription
3. Lending/Renting
4. Sponsorship

Question 7

What is advertisement?

Answer 7

Advertisement can come in any form. Billboards, TV, Print.

Question 8

What is franchising?

Answer 8

Franchising is when a business asks the creator with the idea to turn it into reality in return of getting control over the production of the idea. Finally, the creator gets a portion of the revenue, like a 10% cut of the final product.

Question 9

What is sponsorship?

Answer 9

Sponsorship is when companies synergize with individuals to promote a certain product. That way, they can reach more and diverse communities.

Question 10

What is Crowd funding?

Answer 10

Crowd funding makes use of getting people to pay for your product and in return they get mentioned in the product, like the credits.

Question 11

What is corporate finance?

Answer 11

Corporate finance is working with businesses that give the creator (with the idea) large amounts of money but would have more control than the actual creator of the idea.