Statistics

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.
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 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.