Using the Internet to attract, aggregate, and manage ostensibly inexpensive or even free labor from enthusiastic customers and like-minded people is called ______.

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BlackTom AI · Accepted Answer

Question restatement: The prompt asks for the term used when you use the Internet to attract, aggregate, and manage seemingly inexpensive or free labor from enthusiastic customers and like-minded people.

Option 1: penny pinching. This choice refers to the act of being frugal or cutting costs, not to leveraging online labor from a crowd. It does not capture the idea of coordinating external volunteers or contributors via the internet, so it is not aligned with the concept described.

Option 2: crowdsourcing. This term precisely describes the practice of obtaining ideas, services, or content by soliciting contributions from a large group of people, typically via the Internet, often at low or no cost. It matches the description of attracting and managing labor from a broad online audience who contribute voluntarily.

Option 3: bootstrapping. In business, bootstrapping means building a company with minimal outside funding, relying on personal resources and revenue. While it involves leverage and frugality, it does not specifically refer to organizing external online labor from customers, so it is not the correct match here.

Option 4: crowdfunding. Crowdfunding is about raising funds from a large number of people, usually for a project or venture, often in exchange for perks or equity. It centers on financial contributions rather than labor or volunteer work management, which is the core described in the question.

Summary: The description emphasizes leveraging a crowd online to supply labor, which aligns with crowdsourcing rather than the cost-cutting focus of penny pinching, the resource-limited funding angle of bootstrapping, or the fundraising orientation of crowdfunding.

Introduction to Entrepreneurship (H) - Syracuse University EEE370 - 3 - Beatty - Preparatory Academy - 1st Semester - 2025/2026 Unit 3: Exam- Requires Respondus LockDown Browser

Using the Internet to attract, aggregate, and manage ostensibly inexpensive or even free labor from enthusiastic customers and like-minded people is called ______.

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Introduction to Entrepreneurship​ (H) - Syracuse University EEE370 - 3 - Beatty - Preparatory Academy - 1st Semester - 2025/2026 Unit 3: Exam- Requires Respondus LockDown Browser

Using the Internet to attract, aggregate, and manage ostensibly inexpensive or even free labor from enthusiastic customers and like-minded people is called ______.

View Explanation

Log in for full answers

Similar Questions

Question at position 24 Crowdsourcing is a bootstrapping method that saves money while obtaining valuable ______ resources.technologicalsocial mediainformationfinancial

Crowdsourcing in decision making refers to:

Generating new product ideas from massive numbers of people is called

A company wants to leverage the collective intelligence of the public to solve a complex technical problem and is offering a reward to the winning solution. What strategy are they employing?

Which of the following is an example of crowdsourcing?

More Practical Tools for Students Powered by AI Study Helper

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Introduction to Entrepreneurship (H) - Syracuse University EEE370 - 3 - Beatty - Preparatory Academy - 1st Semester - 2025/2026 Unit 3: Exam- Requires Respondus LockDown Browser