5. External Influences on Industry Growth, Profitability, and Risk
i. compare characteristics of representative industries from the various economic sectors;
j. describe macroeconomic, technological, demographic, governmental, and social influences on industry growth, profitability, and risk;
What are four external influences on industry growth, profitability, and risk?
1. Macroeconomic influences (GDP, interest rates, inflation)
2. Technological influences
3. Governmental influences (regulations, laws, taxes)
4. Social influences (fashion/lifestyle)