External Audit
ECONOMIC FORCES (2.1)
In this section we will explain the economic forces that may have an impact in the textil industry.
The economic forces are the following:
- Gross Domestic Product
- Unemployement Rates
- Propensity of People to Spend
- Inflation Rates
- Worker Productivity Levels
- Import/Export Factors
- Foreign Countries Economic Conditions
- Tax Rates
- Availability of Credit
- Interest Rates
POLITICAL, LEGAL, AND GOVERNMENTAL FORCES (2.3)
In this section we will explain the political forces that may have an impact in the textil industry.
The political forces are the following:
- Lifestyles
- Social responsability
- Number of Births
COMPETITIVE FORCES (2.5)
THE EXTERNAL FACTOR EVALUATION (EFE) MATRIX (2.7)
SOCIAL CULTURAL, DEMOGRAPHIC AND ENVIRONMENTAL FORCES (2.2)
In this section we will explain the social forces that may have an impact in the textil industry.
The social forces are the following:
- Buying Habits
- Social Responsability
- Number of Births
- Number of Deaths
- Per Capital Income
- Endangered Species
- Life Expectancy Rates
- Traffic Congestion
- Waste Management
- Sex Roles
TECHNOLOGICAL FORCES (2.4)
In this section we will explain the technological forces that may have an impact in the textil industry.
The technological forces are the following:
- E-Commerce
- Payment Methods
PORTER FIVE-MODEL FORCES (2.6)
Porter's Five Forces is a model that identifies and analyzes five competitive forces that shape every industry and helps determine an industry's weaknesses and strengths.