Sample eCommerce Business Plan

Market Research 16 © BPlanExperts.com Top 10 states with high population: States Apportionment Population 2010 California 37,341,989 Texas 25,268,418 New York 19,421,055 Florida 18,900,773 Illinois 12,864,380 Pennsylvania 12,734,905 Ohio 11,568,495 Michigan 9,911,626 Georgia 9,727,566 North Carolina 9,565,781 Population of a few popular cities State Apportionment Population 2009 Los Angeles 9,848,011 San Francisco 815,358 New York 1,629,054 Boston 645,169 Seattle 616,627 Washington D.C. 599,657 Economy of USA The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $47,400. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, they face higher barriers to enter their rivals' home markets than foreign firms face entering US markets. US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment; their advantage has narrowed since the end of World War II. The onrush of technology largely explains the gradual development of a "two-tier labor market" in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. Since 1975, practically all the gains in household income have gone to the top 20% of households. The war in March-April 2003 between a US-led coalition and Iraq, and the subsequent occupation of Iraq, required major shifts in national resources to the military. Soaring oil prices