Crowdfunding in the Philippines
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Questions and Answers

Which of the following best describes crowdfunding?

  • A way for people to get help from others to fund a project (correct)
  • A strategy for attracting venture capital funding
  • A process of obtaining a loan from a bank
  • A method of funding a project using personal savings

    • Who is responsible for bringing the concept and executing a project in crowdfunding?

  • The crowd
  • The supporters
  • The mastermind (correct)
  • The community

    • Who gives life to a project by directly supporting it in crowdfunding?

  • The supporters
  • The community
  • The crowd (correct)
  • The mastermind

    • What role does the crowd serve in crowdfunding?

    <p>Judging the credibility of a project</p> Signup and view all the answers

    What does crowdfunding rely on to reach a larger market?

    <p>Word-of-mouth</p> Signup and view all the answers

    Which of the following best describes crowdfunding?

    <p>A non-traditional funding platform</p> Signup and view all the answers

    What is the role of the project creator in crowdfunding?

    <p>To bring the concept and execute the project</p> Signup and view all the answers

    Who makes up the crowd in crowdfunding?

    <p>Friends, family, and supporters</p> Signup and view all the answers

    What is the main purpose of crowdfunding platforms?

    <p>To fulfill the dreams of startup businesses</p> Signup and view all the answers

    What does crowdfunding rely on to fund projects?

    <p>Word-of-mouth and technology</p> Signup and view all the answers

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