Correct/Complete Question:
Companies such as Edison Nation and the Big Idea Group have sprung up to tap into ________ possibilities, often combining its own design, branding, engineering, and sales teams with online participants, forming a community for devising new products.
A) stage-gating
B) cocreation
C) microstocking
D) buzzing
E) crowdsourcing
Answer:
E, crowdsourcing
Step-by-step explanation:
Crowdsourcing is a way of sourcing for ideas, design, etc; used by individuals or corporations by using a an open and vast group of internet users.
In crowdsourcing, work is divided between the participants to ensure that time is managed as well as simultaneous aspects of a product are handles at once.
By the time the consultation period is over, the individual or corporation has all the pros and cons of a product worked out and put together.
Crowdsourcing is done by creating idea competitions or innovation contests. This gives a company a wider range of thoughts or exposition to things than the employees of the company might be able to handle or produce. Crowdsourcing is used by companies that are non profit to create common goods.
I hope this helps.