Purchase Solution

European Union:definition & objectives

Not what you're looking for?

Ask Custom Question

What does the term "European Union" mean? What is the European Union's ultimate objective? Comment on its success in the international business sector. Why has the creation of the European Union encouraged more North American and Pacific Rim companies to establish operations in Europe?

Purchase this Solution
Solution Summary

This solution defines "European Union" and discusses its objective. It also discusses the EU's impact on the international business sector, and why the establishment of the EU has encouraged more American and Pacific Rim companies to establish operations in Europe. APA formatted references are included.

Solution Preview

The term 'European Union' refers to a united group 27 European countries with the goal of a single market for goods and services without any economic barriers. Seventeen of the countries use a common currency, the euro. All member countries have standardized laws. The European Union (EU) allows free movement of goods, people, services and money. The organization was based on an idea to foster economic cooperation, with 'the idea being that countries that trade with one another become economically interdependent and so more likely to avoid conflict' (Europa, 2013). The focus of the organization has evolved to promote human rights and policy areas from development aid to climate concerns. In order to join the EU, a country must meet certain conditions, titled the Copenhagen criteria, which include the need to respect human rights and the rule of law, be a stable democracy, have a functioning market economy and be capable of competition within the European ...

Solution provided by:
Sally Baldwin, Ed.D
Education
  • BA, University of Southern California
  • MSS, United States Sports Academy
  • Ed.D, Boise State University
Recent Feedback
  • "Thk u"
  • "Thank you!:)"
  • "Thank you!:)"
  • "Thank you!:)"
  • "Thank you!:)"
Purchase this Solution
Free BrainMass Quizzes
Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

View More Free Quizzes
Related BrainMass Solutions

  • Long-Term and Short-Term Objectives

    The short term objectives may include: 20% annual increase in volume of production; to develop at least three products that would be marketable in the European market within one year.

  • Global Organization

    European Bank for Reconstruction and Development directly finances private businesses, but the World Trade Organization does not have such objectives.

  • Whelan pharmaceuticals: tax factors and global site selection

    In addition the fact that the strategic objectives of the company are satisfied in selecting European mainland, this is likely to be choice of the committee.

  • Compare and contrast Intergovernmental Organizations

    European Commission is responsible for setting strategies, objectives, priorities, and day-to-day decision-making. The European Parliament is the only directly elected body of the European Union.

  • Felix: Choose the best mode of entry into the European market for new wireless phone

    However, the major disadvantage is that strategic alliances can fail if there is conflict between the goals and objectives of different firms. Further, the company will need to split its profits with the European company.

  • Strategic Management

    The effect of Globalization can be understood with an example of Maytag Corporation, which purchased 'Hoover' not for its vacuum cleaner business, but for its European laundry, cooking and refrigeration business.

  • Marshall Plan

    This solution addresses the objectives and results of the Marshall Plan. What was the Marshall Plan? Which countries did it help? Why it was so important for the United States? Did this plan build a strong economic base in Europe after World War II?

  • Purchasing Power Parity and Carrytrade

    European Dept.

  • European Union compared to United States Government

    441550 European Union compared to United States Government What was the main goal of the European Union?

View More Related Solutions