Business within the EU
- Created by: tanja soulsby
- Created on: 22-03-17 13:59
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- Business in the EU
- EU a single Market
- Trade between member states is easy
- There are very few trade barriers between member states
- Firms don't pay tax when importing goods from other EU countries
- EU provides easy export opportunities for UK firms
- Smooths price differences between member states
- Producers look for highest selling price
- Consumers look for lowest purchase price
- When price in EU is high, producers flock to that area with their product
- Low prices attract more buyers to the market
- Pushes prices up
- Low prices attract more buyers to the market
- Producers look for highest selling price
- Tax
- Customs
- EU Customs Union means same customs duties apply to goods entering EU
- Doesn't matter which non-member country they come from
- Doesn't matter which EU country they are going to
- EU Customs Union means same customs duties apply to goods entering EU
- Freedom of Movement
- Raw materials
- Finished goods
- Workers
- EU Citizens can work in any country
- Businesses can expand into other EU countries
- Policies
- Common policies on product regulation
- How food should be labelled
- How much energy appliances can consume
- Businesses have to take these regulations into account when making functional decisions
- E.g. Designing products and packaging
- Common policies on product regulation
- EU a single Market
- Price
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