Surely, the central bank is part of the financial institution. It is the British government's financial authority for it hands out periodic currency resources and also controls the supply of credit and holds the reserves of other banks while it sells new securities in behalf of the British government. The other financial institutions include, foundations, non-depository financial institutions, trust companies and others. Many companies use the financial institutions in their daily business transactions. Therefore, the companies being serviced by the financial institutions above can choose which financial institution to use. One of the criteria for choosing is the services that they offer. The following paragraphs discusses the factors affecting financial institution.
The contextual environment is often approached covers many areas of business. These areas include technology, the economy, the nature of government, social attitudes and, of course, competitive forces all affect the climate in which business operates. For, the contextual environment sets the context for business to exist and it creates a climate of change with the five areas mentioned here.
Technology. ...Show more