1 .		You would like to create a new business on the Web that provides cat and dog owners with advice on animal health, behavior, and nutrition and sells products such as pet beds, carriers, dishes, toys, flea treatments, and grooming aids. Your Web site would also have capabilities for pet owners to exchange electronic messages about their pets and pet care with other pet owners. In researching the U.S. market for your business, you have found the following statistics from the U.S. Commerce Department's Statistical Abstract of the United States. Household Pet Ownership by Income Level: Annual Income Dog Owners Cat Owners Less than $12,500 14% 15% $12,500-$24,999 20% 20% $25,000 to $39,999 24% 23% $40,000 to $59,999 22% 22% Over $60,000 20% 20% Total 100% 100% Internet Usage by Income Level: Annual Income Percent Using the Internet Less than $20,000 5% $20,000 to $49,999 26% $50,000 to $74,999 28% $75,000 and over 41% Total 100% What are the implications of this information for starting this business on the Internet? What additional information might be useful to help you decide whether such a business could be profitable and what type and price range of products to sell?