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GCSE Business 2020-2022 OCR

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Question:

What is Crowdfunding, and give Advantages and Disadvantages for it

Author: eric_galvao



Answer:

-Simply a Way of Raising Money, by getting Attention to your Funding and having Small Investments, which Adds Up A: Very Cheap Source of Investment A: Large Internet Grounds, like Social Media, can be used to Attract Large Amounts of Finance, and also Update the Investors of the Progress and Benefits D: Investors want something to be Offered Back to them, meaning the Control may be Threatened D: There is a Limit of the Number of Investors, so therefore the Amount D: The Idea may just Suck and attract No One meaning a Waste of Time


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