The United States of America is a country that consists of fifty states, five self-governing territories, a federal district, and various processions. It is the third-largest country in the world. Most of the United States is located in central North America, which lies between Mexico and Canada. The country has a population of about three hundred and fifty million people and ranked the third world’s most populated country. It has its capital city in Washington, D.C., one of the most populated cities in New York. The country has five autonomous regions, specific administrative areas that play a vital part in asserting its various operations. For several years, the United States embarked on an exceptional expansion of the political system to boost its stature as one of the most respected countries in the world. Throughout the history of the United States, numerous developments have been evident as the country triggers modernity and the progress of new ideas that could be used to revamp its efforts in the competitive world. The super improvement in economics, politics, legal measures and social improvements has seen the country growing to higher positions. For instance, the introduction of economic reforms saw the economy of the land rising to positive ends, marking it the fastest-growing state in the world by the annual growth rate of above six per cent. This paper focuses on examining the United States in terms of economic, political, social, legal, and cultural points of view.
Legal Situation of the United States: The legal system of the United States is based on federal law, which is enacted by the state legislatures. The cities and counties are passing the local laws of the country though that play a vital role in providing directions to the next curse of action that the country is headed. Similarly, the country has explicit legal frameworks that highest numerous issues for business, inthe sector of the industry it is regarded as the backbone of the country and helps in running various development strategies that useful for its growth and development. The government of America is exceptional strict on labour and defines the conditions of work as well as the remunerations that are associated with them. The legal system in America has a structure that supports equality among employment regardless of gender, race, or place of origin. The comprehensive nature of the legal system allows people from all corners of the world to transact with it on various operations, products, services, and issues about the business. As a result, while operating within the borders of the country, the state must have an employment policy that satisfies the dispensations on the labour legislation.
The sources of the laws in the United States are five; treaties, statutory law, constitutional law, common law, and the administrative code. Each source has a significant impact on the success of operations within the country as well as reiterates the critical measures that can be used to define the entire business operation of the country. However, research shows that the United Stats’ law has the Resource Conservation and Recovery Act, which is used for defining as that is regarded as waste. It gives companies a mandate to properly dispose of the trash in an appropriate place and time. As a result, all companies must be aware of all the materials that are regarded as waste to prevent any form of legal suits that are associated with the violation of the environment. As opposed to significant civilizations that have been evident in written laws of other countries, America’s dispensation was purely based on secular terms though several critics regarded it meaningless. The acceptance of ethical norms in the United States helped in boosting its legal measures and concepts that determine the integration of the law for valuable purposes. The creation of the current constitution In America to discuss requirements related to the environmental violation, it has helped the country in meeting its demands. It avoids other legal sanctions that might jeopardize the underlying intervention for ecological conservation. After realizing the abilities of different leaders, the United States ensured that its judicial system is adoptive and natural to analyze as well as evaluate. For laws to be applied adequately without personal bias interference, the country maintains the credibility of its systems and defines the role of all leaders for a more straightforward evaluation.
United States’Economy: The future of the United States is grey andexhibits a lot of uncertainties. According to IMF, the GDP of the United States constitutes twenty-four per cent of the gross world product at various market rates as well as very nineteen per cent of the total world product in the purchasing power parity. Notably, the nominal GDP of the country is approximately $17.528 trillion as of 2014. United States is ranked sixth and ninth in the GDP per capita at PPP and the nominal GDP per capita, respectively (Byun&Frey, 2012). Throughout the world, the United States is regarded as the fastest growing country in terms of economy with an average growth rate of six per cent from thelast thirty years. In recent years, the private sectors in the United States have revealed an exceptional increase in the GDP an accounted for a sixty per cent in various avenues that are corresponding to the adjacent ones. The existence of natural resources in the country such as coal, gold that is worth $23 trillion gives it the highest stature in terms of economic growth and development. The United States is also ranked the world’s largest country in terms of banking sector assets.
Marketing of the Product
The United States in one of the world’s largest importer of manufactured goods. It also the second-largest country exporter per capita. However, the manufacturing economy of the United States, which is based on the production of iPhones to represent class, has remarkably influenced the economy of the country, as well as the exportation of goods across the globe, makes it one of the most stable countries with influential economic variables. It has the fastest-growing consumer markets as serves. Still, the production of the iPhone will not only affect the economy of the land but also draw a significant line between the rich, poor, and the middle class. Historically and economically, the United States is an explicit net importer of various services and products. The trading system in the country is the largest and plays a vital role in international trade. The operations and activities have predominantly increased to make it one of the most stable countries in terms of economy. The number of industries and companies in the United States makes one of the best producers of goods across the world and the best in the international market sectors. However, the production of the iPhone will not be based on the traditional production approaches but rather an exceptional dependent on product differentiation.
According to the innovations that will be initiated for the production of the iPhones that have distinct features that represent the current market demands. The production has been fuelled by massive government spending in providing safe and sound business operations. Moststrategically, the output of the iPhone has been predicted to have little strategies on factors such as prices, thus might adversely affect the growth and development of other devices. The focus on the uniqueness of the product as opposed to its usefulness to the economy based on the number of target customers is a clear indication the strategy will affect the economy of the country. Although they are less profitable as compared to others, ownership by the government has allowed them to maintain rapid growth across various aspects. Significantly, the technological development in the United States in the production of iPhones that converges with other countries played a vital role in ensuring that the country is stable and can meet the demands of the current market.
Competition: the United States is the most significant market avenue for considerable investments in devices such as mobile phones. The common ones in the sector include T-Mobile. The new device has both price and product differentiation. As a result, it may be regarded as a threat to the iPhone industry and its products because of the notion, which is common among most Americans in purchasing expensive gadgets that the iPhone industry is offering. According to business laws such as insurance law, bankruptcy law, and the corporation law, among other determines that valuable correspondence and defines the government (Yang, Trimi&Lee (2016). Rationally, the government sets the United States’ legal system as well as outlines useful concepts that can be used to determine the country’s rule of law. The entire rationale is an indication that the economy of the country may be altered if iPhone production does not produce the required gargets.
Partnership: The United States is known for initiating collaboration with other potential business sectors. However, in the production of iPhones, the country has made efforts to partner with a likely business that deals with the same product such as Verizon and AT&T. According to Zhu, Liu, and Chintagunta (2015), statistics reveal that the United States managed to record approximately four million activations by 2011, with a possible increment in the following year.
IPhone
The growth in the manufacturing sector in the United States has seen increased in the production of expensive mobile phones such as iPhones. There were several products of the device in the market, and the attractiveness of each was exceptional. However, the product that was selected for sale and introduction to both local and international market is the Apple iPhone 11. The device represents a class of smartphones that utilizes the iOS operating systems. The popularity of the product has increased in the recent past due to its quality based on its features and the variety of materials that have been used in making it one of the best-produced phone. The retail price of the phone is $69 with a possible reduction to $449 if the client has other iPhone that they can use for trading in getting the new version. The practices are always more straightforward but require proper guidance from the dealers.
According to Carland et al. (2007), the proposed market for iPhone products in the United States. To work and travel in the country, it is essential to obtain all the required work visa to facilitate one’s occupancy of the region is not a native member of the country or a citizen. Similarly, one needs to investigate the significant competitors in the smartphone market and know the required permits to conduct as the required guidelines as portrayed in the legal system of the country. Notably, finding out the citizen’s preference in the country is significant since it enables one to acknowledge the marketability of the product adequately. Choice also allows citizens to know the importance of understanding the average income that the residents might be exposed to and the minimum wage for determination through calculating the population percentage of the prospective customers.
Notably, the culture of the people also plays a vital role in determining their taste to the new products. The variation in social class portrays significant valuations and correspondences that can be used to express the attitude of people towards certain products. The culture among people adopts a liberal approach concerning the manner through which technology, cultural, and socio-economic changes have been manipulated to meet the preference of people towards the new product (Buy iPhone 11, 2020). Additionally, United States’ citizens are focused on obtaining quality products regardless of the tagged prices that might seem higher than expected and the variations that can be made on the products. Therefore, the citizens are bound to ensure that quality products are in the market for the new product, which despite its high price; it offers people quality services and is durable.
References
Buy iPhone 11. (2020). Retrieved February 3, 2020, from https://www.apple.com/shop/buy-
Byun, K. J., &Frey, C. (2012). The U.S. economy in 2020: recovery in uncertain times. Monthly Lab. Rev., 135, 21.
Carland, J. W., Hoy, F., Boulton, W. R., &Carland, J. A. C. (2007).Differentiating entrepreneurs from small business owners: A conceptualization.In Entrepreneurship (pp.73-81).Springer, Berlin, Heidelberg.
iphone/iphone-11
Yang, C. G., Trimi, S., &Lee, S. G. (2016). Effects of telecom service providers’ strategic investments on business performance. Industrial Management & Data Systems.
Zhu, T., Liu, H., &Chintagunta, P. K. (2015). Wireless carriers’ exclusive handset arrangements: An empirical look at the iPhone. Customer Needs and Solutions, 2(2), 177-190.
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