Homework Question on The Role and Influence of the EU
- Evaluate the role and influence of the EU, and its impact on business and services industries
Homework Answer on The Role and Influence of the EU
The significance of various business activities and service productions in any viable economy cannot be ignored (Van der Lans, Van Ittersum, De Cicco, & Loseby 2001, p. 451). To the EU, sustaining competitiveness in the service industries and other business entities is crucial in gaining a reasonable market gain (Van der Lans, Van Ittersum, De Cicco, & Loseby 2001, p. 452).
The eventual objective is to escalate the value of the region’s products and services in the process stabilizing and firming the European economy. The untapped growth potential for business transactions in the EU region is huge and it’s the role of the commission to remove any obstacle that may be hindering their competitiveness (Van der Lans, Van Ittersum, De Cicco, & Loseby 2001, p. 453). For instance, the EU has over the past period introduced legislations and policies that improving the business and processes of service industries in the region.
The Service Directive Act, for example, was enacted to allow business owners to provide their services with ease and to open any branch in an EU member country of choice without much restrictions.The EU (European Union) directive involves a significant number of business service industries and encourages the production of quality and prompt services (Van der Lans, Van Ittersum, De Cicco, & Loseby 2001, p. 455). Correspondingly, the Professional Qualification Directive is responsible for facilitating and stipulating the relevant professional qualifications for any person intending to invest in an EU member country.