Factors Affecting Past and Future Projected Sales

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Factors that have a major impact on the past and projected sales for the industry
Numerous factors have impacted on past and projected sales for all industries. First, there
is technology. For instance, when an organization or industry acquires new technology, there is a
likelihood that sales will go up. This is in relation to the benefits associated with new technology
like efficiency and effectiveness. Acquisition of new cancer scanning equipment will underpin
increased sales and even surpass projected sales. Besides, services will become cheap, and there
is the likelihood that extra customers will be wooed to use services.
The other aspect encompasses the economy of the United States. For instance, the
recession saw a decline in the projected sales. This was a massive blow to the cancer industry in
regard to investors and other stakeholders. Thus, it is true that the state of an economy affects
past and projected sales in the service industry.
Furthermore, government has an impact on past and project sales of an industry. For
example, if the government makes it a requirement for people to go for cancer check up, there is
a likelihood that the projected sales will go up (Brown, 14). Likewise, tough government
regulations might discourage investors from investing in the cancer industry. This will affect the
past and the projected sales of an organization or industry.
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Social demographic factors will also affect the past and projected sales of any service
industry. For instance, unemployment will see a reduction in the projected sales. Besides, an
increased number of youth going for cancer check up will lead to increased projected sales.
Finally, there are industry leaders whose activities have an impact in the past and
projected sales. Industry leaders will set the pace for other players. Efficiency among the
industry leaders will attract many customers. This will encourage the use of services offered by
other firms. This has a positive impact on the industry because leaders will either make services
relevant or irrelevant. This affects projects and past sales of an industry.
Key indicator that have a significant impact on sales
Research shows that all services whether medical, banking, food industry services or
even business are all affected by the same indicators. These indicators affect the sales or
performance of all products and services. The reason behind this is the boss of any business
activity; the customer. Whether medical or business, the most influential person is the customer.
Just like other businesses, the sales in the US cancer industry are affected by various indicators.
First, there is customer activity. This affects the sales and revenue thereafter. The US
has seen an increased number of patients being treated for cancer illnesses. Besides, its advanced
technology in cancer has attracted other cancer patients from all parts of the world. The cancer
industry has also seen an increased number of customers being checked up for cancerous cells
(Plunkett, 35). This has led to an increased sale of services. Increased sales lead to increase in
revenue. Thus, consumer activity is one of the significant indicators of sales.
Secondly, there is investor activity. Several advancements have been made in relation to
cancer. Research shows that investors are being attracted to invest in the US cancer Industry.
Foreign investors are taking keen note on this aspect, and most of them have been involved in the
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US financial market (Yeung, Carmen and Gagel, 784). This is aimed at investing in the cancer
industry because of its attractiveness even to foreigners. This will affect sales in a positive way.
In fact, the industry will receive many patients that will see to it that sales go up.
The third key indicator is inflation. Inflation is associated with high prices; a factor that
makes cancer services expensive. This will only benefit investors and stakeholders. Inflation will
make it difficult for upcoming foreign investors to invest in the US Cancer industry. This will
affect sales in a negative way. Services will be extremely expensive, and few cancer patients will
be willing to invest in their health. Besides, cancer checks will reduce because inflation will lead
to the services of the cancer industry being expensive.
The fourth indicator is unemployment. This indicator will lead to reduced sales in the
US cancer industry. People will, have little money to spend on food, housing and even
medication. Unemployed people will avoid or not go cancer check up. Besides, routine treatment
might be stopped because of insufficient funds. Unemployment is, therefore, one of the key
indicators that have an impact on sales in regard to the US cancer industry.
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Works Cited
Brown, J R. The Regulation of Corporate Disclosure. Gaithersburg, Md: Aspen Law & Business,
1999. Internet resource.
Plunkett, Jack W. Plunkett's Health Care Industry Almanac: 2009. Houston, Tex: Plunkett
Research, 2008. Internet resource.
Yeung, Sai-Ching J, Carmen P. Escalante, and R F. Gagel. Medical Care of Cancer Patients.
Shelton, Conn: People's Medical Publishing House, 2009. Print. 784

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