Question

Kenny Lauren want to establish a nonprofit organization to help orphans find adoptive homes. They know that they will need a large amount of money to start up this organization but they do not have those funds. They also do not know many wealthy people they could borrow money from. They do however have a large social network and are experts in the use of social media. What approach might they used to raise capital for this project?
A. Selling products or services

B. Investors

C. Crowdfunding

D. Loans

Answer 1

Answer: C - Crowdfunding

Explanation: Investors, loans, and selling products and services would not gain them enough financial support, whereas crowdfunding will in an efficient way.