International Business and the European Union - 3012 Words

International Business and Europe Introduction In this assignment I will be concentrating on International Business and the European Union and how it has an effect on businesses in the U.K. The aim of the assignment to use a U.K based organisation as a scenario. I will be writing the assignment based on a report for the Board of Directors from my chosen company. The company I have chosen is a vehicle manufacturer called Octopus Vehicle’s. They currently have been given the opportunity to supply EU sourced cars and export them to many countries around the world. They have been offered offices based in Spain and Holland and currently have one in the U.K. TASK 1 International Trade, Economics, and Global Markets In this†¦show more content†¦Opportunities †¢ Not an issue to export goods overseas †¢ Much easier to expand the business †¢ High quality products can be bought for low prices †¢ Possibility of manufacturing vehicles overseas for a lower cost †¢ No changes in policies if the company buy’s offices in Holland and Spain †¢ Possibility of U.K workers moving abroad with no paperwork etc Threats †¢ Other foreign businesses may provide cheaper cars †¢ Marketing for a different culture †¢ Language barriers †¢ Carbon footprint from importing and exporting TASK 2 European Policies In this second chapter I will be identifying two European policies and discuss how they impact on U.K businesses and also Octopus Vehicles in particular. The European Union was set up in 1958 by the Treaty of Rome, it was then known as the European Economic Community (ECC). It had six founder members of what was originally known as the ‘common market’. Before the U.K joined in 1973 our economic growth was significantly slower than these six founder countries. Joining the union gave the U.K the chance to grow along side these countries. There are now 27 EU members which has provided an increasingly large ‘home market’. Being a member of the EU has had many effects on the U.K and its businesses. Five main areas would be the economy, politics, law and legislation, labour mobility, and common agricultural policy. 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The UN may be bestRead MoreLegal Environment of Business1600 Words   |  7 Pages[pic] BÐ BS Legal environment of business Home Assignment Seminar leader: Margit Racz Student name: NurlÐ °n S. KurmÐ °lÐ °yÐ µv Contents 1. Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 2. The constitutional order of Hungary†¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦.3 1. Legislation†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 3 2. Execution tasks†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.......................................................................3 3. Judicial power†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...4 3. The constitutional orderRead MoreBusiness Law - Cassis de Dijon1124 Words   |  5 Pagesof the EU’s internal market. Significant relaxation was achieved by eliminating tariff barriers that were preventing the further development in various Member States. The Cassis de Dijon judgement is a famous example of a decision issued by the European Court of Justice that set out a new legal framework for the achievement of the internal market. It all started in Germany when a trader was refused permission to import a batch of liqueur into the country because the strength of alcohol was inadequate