TOPIC: An investigation into how online businesses contribute to the economic growth in St.

Johns

OBJECTIVES:
1. Evaluate the financial impact of online businesses on the local economy
2. Determine the job creation potential of online business
3. Examine the impact of online business
Evaluate the financial impact of online business on the local economy

It is generally observed that online businesses can have both positive and negative effects on the
local economy.
Positive impact:
Increased sales
Job creation
Increased tax revenues
Negative impact:
Skill gap
Increased shipping and packaging
Loss of tax base
How the job creation potential of online
Businesses

Job creation potential of online businesses can vary considerably depending on the specific
industry
And business model. For example, shipping, packaging, and customer support. On the other
hand, online service-based businesses may require fewer employees, as many tasks can be
automated or performed remotely. Overall, online businesses have the potential to create jobs
both locally and globally, but the extent of the job creation and its impact on the local economy
will depend on various factors such as the nature of the business, market conditions, and the
overall economic environment.
Examining the impact of online businesses on traditional businesses in adapting to the changing online
marketplace can be both disruptive and transformative. Here are some key points to consider

1. Increased competition
2. Shift in consumer behavior
3. New business models
Overall, the impact of online businesses on traditional businesses is significant. The successful
adaptation to the changing online marketplace requires embracing technology innovation, and a
customer-centric approach.
Background overview
An investigation into how online businesses contribute to the economic growth in St. John’s
would likely explore various aspects. It might delve into the rise of e-commerce in the region,
analyzing the impact of online businesses on job creation, revenue generation, and overall
economic development. This investigation could involve studying consumer behavior, assessing
the infrastructure supporting online businesses, and examining government policies facilitating
digital entrepreneurship. Additionally, it might explore challenges faced by traditional brick-and-
mortar businesses in adapting to the online marketplace and the potential for collaboration
between online and offline sectors to stimulate economic growth in St. John’s.
Questionnaire:

13. What type of business do you own/manage?

-partnership
-corporation

2. How often do you shop online

-daily

-monthly

-weekly

-rarely

-never

13. What type of products do you purchase online to sell? (please select all that apply)

-electronics and gadgets

-clothing and fashion

-home and kitchen appliance

-books and media

-others (please specify)

-eBay

-Etsy

-AliExpress

-Walmart

-other (please specify)

13. How long have you operated your online business?

-1-2 years

-2-4 years

-4-5 years

-more than 5 years

6. What factors influenced your decision to start an online business? (please select all that apply)
- flexibility in working hours
-low start-up costs
-wide customer reach
-ability to work from have
-other (please specify)

7. how do you think your online business contributes to the overall economy? (please select all
that apply)
-job creation
-increased competition
-innovation and technological advancement
-international trade expansion
-other (please specify)

8. what is the potential for a job created on your online business?

9. what is the impact of your online business on the changing online marketplace? (please select
all that apply)
-increased competition
-cost and efficiency advantages
-change in consumer behavior
-adaptation and innovation

10. what challenges do your online business encounter in contributing to economic growth?
(please select all that apply)
-cyber security threats
-logistics and shipping issues
-earning customer trust
-competition from other online businesses
-other (please specify)

11. in your opinion how can online businesses further contribute to economic growth? (please
select all that apply)
-collaborating with traditional businesses
-investing in research and development
-expand globally
-offering job opportunities
-other (please specify)

12. what role do online businesses play in promoting entre premiership? (Please select all that
apply)
-encouraging small business startup
-providing access to a global market
-facilitating innovation and creativity
-offering opportunities for self-employment
-other (please specify)

13. how do you think online businesses can help bridge the economic gap between different regions or
countries? (please select all that apply)

-facilitating cross border trade

-supporting local artisans and craftsmen

-promoting fair competition

-providing affordable products and serves

-other (please specify)

Interview Schedule

1. what type/form of online business do you operate?

3. How would you describe the current state of online businesses and their impact on the
economy?

4. What are the main factors that contribute to the growth of online businesses?
5. How do online businesses create job opportunities both directly and indirectly?

6. What challenges do online businesses face in terms of contributing to economic growth?

7. Are there any specific industries or sectors where the impact of online businesses is particularly
noticeable? If so, what are they and why?
8. How do online businesses Impact traditional businesses are there any potential negative
consequences to consider?

9. Are there any specific policies or regulations that can help foster the growth of online businesses
and maximize their contribution to economic growth?

Presentation of data
Examine the impact of online business

increased competition cost and efficiency advantages

Figure: A pie chart showing the impact of an online business