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Q: What are the external factors that affect the financial services industry?
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Explain the external environmental factors that affect the financial services industry?

The external environmental factors that affect the financial services industry include organizational direction, internal factors, and external competition. The socio-economics of a society also affects the financial services industry.


What is the difference between internal and external factors?

In any Company there are Internal Factors affecting the company and External Factors affecting the company. Internal Factors are Management Descisions on what sort of business the company is in, quality of services or stock sold by the company. External Factors affecting the company include the Global Financial Crisis, government policies, and central bank interest rates.


What are the environmental factors affecting textile industry in India?

Following are the external factors that affect the textile industry of India: 1. Legal factors 2. Political factors. 3. Technology 4. Government Intervention


What factors affect the single-family home construction industry?

single-family home construction industry is extremely susceptible to changes in economic factors and financial markets.


What factors contributed to increased demand for the services of loan agents and brokers in the early 1990s?

Low interest rates, a trend toward outsourcing and contracting by financial institutions, and a shift in the structure of U.S. financial markets were the most prominent forces boosting industry success.


Why shouldn't you select financial services only on the basis of monetary factors?

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What factors must be considered in the preparation of prospective financial statements?

Factors related to the specific entity; Factors related to the industry; Factors related to the market; Factors related to the economy; Factors Related to the Specific Entity


What are some macroenvironmental factors for a hotel business?

Some macroenvironmental factors affecting the hotel business includes government regulations and the travel industry. Changes from either of these external factors simultaneously affects hotels.


What are the factors influencing the financial stability?

Factors influencing financial stability include economic conditions, market volatility, government policies, regulations, banking sector health, interest rates, and fiscal policies. Other factors can include geopolitical events, investor sentiment, company performance, and overall industry health. These factors can impact the stability of financial markets, institutions, and individual investors.


What are the internal and external factors for pricing?

There are internal and external factors for pricing. The internal factors include the manufacturing or purchasing costs while external factors depend on the demand of a product.


What factors related to the industry must be considered in the preparation of prospective financial business statements?

Is the industry one in which companies are very competitive?Are competitive industries emerging?Is obsolescence emerging within the industry?Are there regulatory considerations and requirements?


For the housing industry what are the positive and negative externalities?

Just a few external factors include: An aging population; Innovation; Going Green trend; and Global competitors