Acompany is inviting design for its new corporate logo from its users. this is an example of ?

This is an example of a Crowdsourced design

Crowdsourced design involves having the public either design or contribute something into the design. The design client buys and inserts a short and brief design into the listing and a gets a group of anonymous people from all over the world respond to it. The client then picks the winner and awards them the money. This approach is not the best since it possess as a risk for both the client and the designers.

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