- CFA Exams
- CFA Level I Exam
- Topic 3. Corporate Issuers
- Learning Module 7. Business Models
- Subject 1. Define the Business Model
CFA Practice Question
Traffic apps like Waze encourage drivers to report accidents and other roadway incidents to provide real-time, updated information to app users. This business model is an example of ______.
B. Crowdsourcing
C. E-commerce
A. Network Effects and Platform
B. Crowdsourcing
C. E-commerce
Correct Answer: B
Crowdsourcing involves obtaining work, information, or opinions from a large group of people who submit their data via the Internet, social media, and smartphone apps. People involved in crowdsourcing sometimes work as paid freelancers, while others perform small tasks voluntarily.
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