This business model is often combined with other business and revenue models to create an ultimate solution for the user and to earn money. Wikipedia is an example of crowdfunding.... This business model is often combined with other business and revenue models to create an ultimate solution for the user and to earn money. Wikipedia is an example of crowdfunding. True or False?
Understand the Problem
The question assesses whether the business model described, specifically referring to Wikipedia as an example of crowdfunding, is true or false.
Answer
False
The final answer is False
Answer for screen readers
The final answer is False
More Information
Crowdfunding involves raising money from a large number of people, typically via the internet, to fund a project or venture. Wikipedia uses a crowdsourcing business model where the content is created by volunteers and not funded through crowdfunding.
Tips
A common mistake is confusing crowdfunding with crowdsourcing. Crowdsourcing involves obtaining input or labor from a large group of people, whereas crowdfunding is focused on raising money from a large group.
Sources
- Crowdsourcing Business Model - Medium - medium.com
- Crowdfunding - Wikipedia - en.wikipedia.org
- Crowdsourcing: Definition, How It Works, Types, and Examples - investopedia.com
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