Which of the following types of crowdfunding involves soliciting nonequity funds to finance specific business products and services or requesting donations for a specific purpose?
A)debt crowdfunding
B)equity crowdfunding
C)rewards-based crowdfunding
D)asset incentive crowdfunding

Question

Quizplus · Accepted Answer

Rewards-based crowdfunding involves soliciting funds for a specific business project or product and providing the backer with a nonfinancial reward, such as the product itself or exclusive merchandise. This type of crowdfunding is often used by entrepreneurs to test the market demand for a product and to generate publicity.

Which of the Following Types of Crowdfunding Involves Soliciting Nonequity