Is there a market need for the product?Discuss.

Introduction of an e-commerce start-up with five-year projections of Cash Flow Statement, other expenses and Balance Sheet.

Is there a market need for the product? Over the years, there has been a significant increase in the trend of buying and selling through e-commerce. Out of a total of 7.593 billion population, 4.021 billion have access to internet throughout the globe. Major players doing online business include Amazon and Alibaba Group which are American and Chinese giants respectively. For the year 2017, American E-commerce revenue was US$409,208 million, whereas China brought in US$499,150.

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