Five Characteristics of Us Market

Topics: United States, Brand, United States dollar Pages: 4 (1643 words) Published: October 20, 2008
The United States is the most open market in the world, with the annual trade volume more than 1,100,000,000,000 U.S. dollars. The United States is China's major trading partner. Now the total volume of products that are made in China importing into the United States is more than 100,000,000,000 U.S. dollars. These products are consumer goods, mostly through a number of intermediate links into the United States. Many Chinese factory productions and the market are out of touch. They lack understanding of the international market, which requires enterprises to know more about the international market. Large capacity of U.S. market

The United States is the world's largest consumer goods market. First of all, it is because of strong spending power of Americans. The annual income of Americans per capita is more than 30,000 U.S. dollars. Secondly, strong sense of the American consumer contributes a lot by not only saving less and spending ahead but many people holding quite a few credit cards. The third is to update Americans on consumer goods faster, a lot of daily use no more than a year, not because they are often old and out of buying a new, but because of "new and hate the old" fresh face fashion, holidays or discounted goods would give rise to the wishes of their purchase. Finally, because the United States has high labor costs, with wages higher than 5 U.S. dollars per hour, and some industries and regions is higher than 10 U.S. dollars per hour wage, so that the United States and more labor-intensive consumer goods production has been transferred to other countries and regions. So the market in the United States needed to mainly rely on imports of consumer goods for daily use, but also considerable demand for imports. On the market, such as clothing, shoes, handbags, gifts, small home appliances, as well as furniture, bedding, lamps, stationery, tools, toys, kitchen utensils, dishes and so on, many of which are imported. And this trend is still up, is...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • 3D Scanning Market in the US Essay
  • Car-sharing Market in the US Essay
  • Breakfast Cereal Market in the US Essay
  • LTL Market in the US 2014-2018 Essay
  • Five-fore analysis of B2C industry and Amazon’s market valuation Essay
  • Fracking Chemicals and Fluids Market in the US 2014-2018 Essay
  • Essay on B2C E-Commerce Market in the US 2014-2018
  • Consumer LBS Market in the US 2014-2018 Essay

Become a StudyMode Member

Sign Up - It's Free