Changes to government rules and regulations can negatively affect Paint industry… … "Govt Regulations (Paint industry)" has a significant impact, so an analyst should put more weight into it. "Govt Regulations (Paint industry)" will have a long-term negative impact on this entity, which subtracts from the entity's value. This qualitative factor will lead to an increase in costs. "Govt Regulations (Paint industry)" is an easy qualitative factor to overcome, so the investment will not have to spend much time trying to overcome this issue.