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How does economy affect the external environment in banking industry?
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How does politics affect the banking industry?
Yes, politics greatly affect the banking industry. Government policies affects the economy of a nation which involves its banking industry. An example is the case of the Great recession which affected many banks around the world.
What are examples of external business environment?
The external business environment are the things outside of an organization that affect the functionality of the business. Some examples of the external business environment include customers, economy, government and public opinion.
What is External environment of McDonald's?
The external environment for McDonalds as well as all organizations can include many variables such as: * competition * changing demographics * government interference, laws, regulations * the economy
What is the macro economic environment?
It is the external environment of the business and it involves aggregate economic issues that means it looks at the economy as a whole.
What are the differences between internal and external environment?
The differences between internal and external environment is: Internal environment involve within the organization, which are the employee attitudes,new equipment,strategy,work forces. The organization has the control of these matters because it happen within the organization unless like external environment. AND for the external environment,is clearly stated with the word external itself which means outside of the organizations which effect the changes in the organization which the organization does not have the control of it. External environment are involved by the PESTLE- Politic, Economy, Social, Technology, Legal and Environment.
Are there industries that will be immune to changes in the global environment and as a consequence will be influenced primarily by their domestic external environment?
Not really, there is not any industry in today's world that is not affected by the changes in the global environment. Since each economy is linked internationally and no country has all the factors of production at its disposal, so each industry is affected by the changes in the global environment. The gambling and pornography industries remain 2 industries immune to global industrial cycles.
How a manager manages internal and external environment of the organisation?
A manager manages internal environment of the organization by keeping track of all the departments of the organization. A manager manages external environment of the organization by keeping track of all the customers, competitions and economy.
What is the job of ben bernanke?
Chairman of the Federal Reserve. They are mandated to regulate the banking industry and serve as general stewards of the US economy.
What is the impact of universal banking in Nigeria economy?
What is the impact of universal banking on nigeria economy
Is finding employment in the banking industry not as easy with the recent economy?
Due to the current economy every job is harder to get, as there are less jobs to chose from and there are more applicants going for the jobs. Banking is a very popular job choice so yes it may be harder.
Explain elements of business environment?
A business environment are the internal and external factors that affect a business. Its elements include society, technology, regulations, economy and politics.
What is effect on industry?
In the environment, it obviously contribute to the pollution. For people, it provides employment. For the economy, it increases the income of the country.
