5. Crowdfunding platforms, such as Kickstarter or GoFundMe, allow startups to access many differentinvestors who may be able to contribute only small amounts in return for relatively small rewards. In thecase of the iBackPack, those providing funds through Kickstarter were largely unaware of thecompany's postfunding operations (or generating funds after the investment, using the investment tomake more money instead of using the investment to improve on the product).A. How did the lack of oversight harm investors?B. How might this situation have been different if a single angel investor (high value) had beeninvolved?

Introduction Websites that facilitate communication between fundraisers and the public are known as…

Answered: 5. Crowdfunding platforms, such as…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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37) is a form of financing a new business in which in which entrepreneurs post details of their ideas for a start-up or new venture, along with key information, on the internet inviting would be investors to buy-into their company. Crowd funding Factoring O An angel investor O Venture capital
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REFLECT! (Use extra sheet if necessary) Entrepreneurship greatly affects the country's development but nowadays, our country is facing a massive problem called COVID19 which affects almost the entire operations of businesses, government agencies and the public. Give at least one (1) positive effect and one (1) negative effect of this pandemic in the country's development. Justify.
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How the biggest businesses use CRM: A Case of Wells Fargo Here we have a company tasked with keeping track of the property and assets of as many as 70 million people. To them, customer service has to be absolutely spot on. As one of the biggest banks in the US, Wells Fargo knows that in order to maintain their competitive edge, they need to go the extra mile when looking after clients. In order to do this well, they make good use of CRM social media connectivity, enabling them to communicate easily with clients that need to talk. Their CRM is also used to make certain that when problems arise, the issue is dealt with by the correct department within the organization. This eradicates the type of scenarios where clients are sent in circles, from department to department, endlessly trying to get an answer. The result is that they build fantastic relationships with clients, achieving a customer retention rate that is one of the best.1.1 The most crucial part of using a CRM system is the…
Source: https://www.bizcommunity.com/Print.aspx?l=196&c=168&ct=1&ci=220219 [Accessed 9February 2023]. please read the above a.Companies that focus on gaining customer knowledge and developing insight intothis knowledge, can deepen and extend customer relationships. Advise Clicks, forthem to improve their position, on the information that should be stored within theirdatabase b.To build successful relationships, trust and commitment are required. Advise Clickson how they can improve both trust and commitment between themselves and theircustomers. c.Clicks may choose to conduct a customer satisfaction survey. Explain the benefitsthat a customer satisfaction survey would provide to the brand. Please note this is one question and not mutiple thank you

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