For P5, learners should describe the implications for a selected business of European and global factors. Again,
these will very between types of business and over time. However, some developments are long term.
European requirements will continue to be incorporated in to UK legal and regulatory fr...
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Describe the impact of international factors on a selected
business
The European Union
An economic association of European countries founded
by the Treaty of Rome in 1957 as a common market for
six nations. It was known as the European Community
until January 1, 1994 and currently comprises 15
European countries. Its goals are a single market for
goods and services without any economic barriers, and
a common currency with one monetary authority.The
European Union affects Jaguar Land Rover because of the Extra
costs it has to pay one of the most common problems about the
EU is how much money the UK businesses such as Jaguar have
to pay towards The EU costs Britain around £12bn each year,
taking into account rebates (refund to someone who has paid
too much for tax, rent, or a utility). The EU has a policy that 28
different countries all have the right to come to the UK to work.
This is very beneficial for picking the best talent for the jaguar
land rover company especially when there a multimillion pound
businesses so keeping up reputation is crucial.
The social chapter
The social chapter is the section of the Maastricht
Treaty (A treaty that is responsible for the creation of
the European Union) concerning working conditions,
consultation of workers, employment rights, and social
security. The UK government negotiated an opt-out
clause from this section of the treaty in 1993 but
adopted it in 1997.working conditions are very vital in the
work place. Jaguar staff has given respectable feedback to how
their work force is operated. This is evident when I have done
research on their forums.1. “The political environment has a
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