Assessor: Francesca Murray
1. What does crowdfunding mean?
Crowdfunding is when a company can't afford to mass produce a product so they ask the public for help (donation), so the public give them money for the product and they usally get rewards in return.
Correct.
2. State two advantages for an independent project.
Your company gets to pick exactly what the final product will be like and you will get all the money made off the product.
Your project is not influenced by a conglomerate.
Pay less wages.
Social media can be used as free advertising (facebook,Instagram, Twitter)
3. State two dissadvantages for an indipendent product.
You won't have subsidiarys to advertise on and you may not have as much money for the product as a conglomerate would have.
Difficult to get recognition.
If you aren't known/have a fan base it can be hard to get donations.
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