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Creation of single market in EU

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Out of several questions, this one has stumped me. Can you please help.

How should a firm that has self-sufficient production facilities in several EU countries respond to the creation of a single market? What are the contraints on its ability to respond in a manner that minimizes production costs?

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Solution Summary

This posting helps with an international business strategy problem. It discusses how a firm that has self-sufficient production in several EU countries responds to the creation of a single market. It discusses the constraints on the firm's ability to respond in a manner that minimizes production costs. The explanation is given in 268 words.

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A firm that has previously opened self-sufficient production facilities in several EU countries must have done so to take advantage of local conditions for serving the local markets. In other words, the barriers between EU countries before the creation of single market must have made it difficult for the firm to serve these countries from a single production facility.

The creation of a single market ...

Solution provided by:
Sheetal Jain, PGDM
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  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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