• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Discuss the impact of the Single European Act on European Business and European Economies in General

Extracts from this document...


European Business Internal Assignment 1 By: Lecturer: Class: 2K - 2nd year Diploma in business Date: 30th September 2004 Discuss the impact of the Single European Act on European Business and European Economies in General The Single European Market has made great changes in the European business sector. The mutual recognition of standards has helped to remove barriers and maximize scale economies. Businesses can bid for public sector contracts outside their home state and operate freely within the European Union markets. The movement of capital has increased cross-border investments. Individuals can move freely with recognition of their professional and high education qualifications. Consumers enjoy better prices as a consequence of single market liberalization. The abolition of customs, fiscal formalities and technical barriers have created competition in community markets, this has encouraged economies growth, to investment and to employment creation. ...read more.


The advantages that such an investor aims at are: ? Closeness to the market - a thoroughly better joined market in order not to waste as much time and money. ? Better market information - by being closer to one another information is easier to obtain and thus action may be taken at a quicker pace ? Stimulating demand - when introducing a new competition to the market, one then has a raise in the level of the market demand. ? Raises image and local identity - one must be aware when competing in a foreign country, due to the local cultures, and the way local customers look at the firm. ? Access to public procurement - access for European Union members is accessible but non European Union members would have to have a local market presence to be eligible. ...read more.


? Due to joining costs in insurers and financiers have reduced, due to being one common market. ? Expanding the organisation is nowadays encouraged. Due to lower expenses and less documentation, and no barriers. Although we have seen many advantages / benefits, there are also many Threats and Challenges for the European businesses. These are: ? Competition increases, as big organisation may now sell their production your market. ? Due to more competition and an increase in products, prices may be reduced. ? Small organisations might close due to having larger competition thus they would not be able to cope with such low prices. In this way by joining the European members and allowing them to compete within, businesses may now consider the whole market with no barriers or not as many disadvantages to stop such an opportunity. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level European Union section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level European Union essays

  1. Marked by a teacher

    Has the creation of the Single European Market been a success?

    4 star(s)

    and capital in the EC would cost more than the liberalization of these restrictions that would bring a 4.5 per cent benefit to the EC's Gross Domestic Product. Still according to Archer C. even the British Prime Minister, the euro sceptic Margaret Thatcher saw the Single European Market in positive

  2. The Institution of the European Union and Theories.

    *Dolomitic Latin, spoken in Spain *Friulian Dcao-Romance includes, *Romanian Baltic, several languages spoken in this category. North Germanic *Icelandic *Faroese *Norwegian *Swedish, spoken in Sweden *Danish, spoken in Denmark and some areas of Netherlands West Germanic includes, *English, spoken in England, Ireland, and various EU states as most common language

  1. The Foreign Policy of Great Britain in relationship to the European Union.

    and having a seat at the table in the next Intergovernmental Conference.19 Great Britain has no problem with greater flexibility or groups of Member States going forward together. But that must not lead to a hard core; a Europe in which some Member States create their own set of shared policies and institutions from which others are in practice excluded.

  2. What does citizenship mean in the European context?

    maladministration of, say, some aspects covered in Pillar 3, and, in the second place, that one could hardly qualify these two rights as specific citizens' right for, after all, appropriately, they belong not only to citizens, but, in the language of the provision itself, to any natural or legal person

  1. Regulation 2560/2001 on cross-border payments in Europe.

    Adapted from Commission on Payment and Settlement Sysstems (2003). total 26,852 34,311 48,824 The third small settlement system is S-Interpay, set up in 1994 by the German savings banks (Sparkassen) and their central institutions (Landesbanken), but it has extended since and now also includes (mainly savings) banks in other countries.

  2. The European Community and ECJ

    Article 28 (ex 30) states that: "Quantitative restrictions on imports and all measures having equivalent effect shall be prohibited between Member States", while Art 29 makes similar reference for exports. The MEEQRs were defined in the case 8/74 Procureur du Roi v Dassonville as 'all trading rules enacted by the

  1. European Single Currency.

    backfire on them because people might see that European prices are lower and communication companies in Europe might want to set up in the UK increasing

  2. An assessement of the impact of the lawyers' establishment directive.

    Furthermore, the Diplomas Directive is not limited to the legal profession. The Diplomas Directive requires mutual recognition by Member States of higher education diplomas and regulated professional licenses for those professions which are not subject to a separate directive. Under the Diplomas Directive, the Host State can require that the

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work