Which global factors can influence a company's liquidity?

The correct answer highlights the significance of global events and market stability as crucial factors influencing a company's liquidity. Liquidity refers to the ease with which a company can meet its short-term financial obligations without incurring significant losses. External factors such as global economic conditions, geopolitical stability, international trade dynamics, and market sentiment can greatly impact liquidity.

For example, during periods of economic downturns or global crises—such as financial recessions, pandemics, or political upheaval—access to capital and the ability to convert assets to cash may become more challenging. Similarly, changes in global interest rates or currency fluctuations can affect a company’s cash flows and liquidity position.

In contrast, the other options do not encompass the broader context in which liquidity is influenced. Local market conditions may play a role, but they are part of a larger global framework and do not fully capture the worldwide variables at play. Specific industry trends, while important, are also limited to particular sectors without considering the overall global economic environment. Internal company policies might dictate how a company manages its cash flow, but they do not account for external pressures that could significantly impact liquidity capabilities. Thus, the role of global events and market stability is pivotal in understanding a company's liquidity.