to be able to describe how business are affected by the EU

What does the EU do? For businesses…. For workers….

to be able to describe how business are affected by the EU What does the EU do? For businesses – easier to trade For workers – they can work anywhere in the EU

to be able to describe how business are affected by the EU What does the EU do? For businesses…. For workers….

to be able to describe how business are affected by the EU What does the EU do? For businesses – easier to trade

to be able to describe how business are affected by the EU What does the EU do? For businesses – easier to trade For workers – they can work anywhere in the EU For people travelling abroad…. For the environment….. For consumers….. For farmers…. For workers’ rights…. For poorer regions…..

to be able to describe how business are affected by the EU What does the EU do? For businesses – easier to trade For workers – they can work anywhere in the EU For people travelling abroad – easy access to healthcare For the environment – higher standards For consumers – For farmers – For workers’ rights – For poorer regions –

to be able to describe how business are affected by the EU What does the EU do? For businesses – easier to trade For workers – they can work anywhere in the EU For people travelling abroad – easy access to healthcare For the environment – higher standards For consumers – laws to protect their rights For farmers – higher prices For workers’ rights – For poorer regions –

to be able to describe how business are affected by the EU What does the EU do? For businesses – easier to trade For workers – they can work anywhere in the EU For people travelling abroad – easy access to healthcare For the environment – higher standards For consumers – laws to protect their rights For farmers – higher prices For workers’ rights – laws to protect their rights For poorer regions – grants to help attract businesses

to be able to describe how business are affected by the EU What does the EU do? For businesses – easier to trade

to be able to describe how business are affected by the EU Economies of scale Business A Market: UK 60m Customers: 1m Fixed costs pa: 1m Fixed cost per customer: ? Business B Market: UK 500m Customers: 5m Fixed costs pa: 2m Fixed cost per customer: ?

to be able to describe how business are affected by the EU Economies of scale Business A Market: UK 60m Customers: 1m Fixed costs pa: 1m Fixed cost per customer: £1 Business B Market: UK 500m Customers: 5m Fixed costs pa: 2m Fixed cost per customer:£0.40

to be able to describe how business are affected by the EU Economies of scale Cheaper to make goods for a market of 500+ million people than for a market of 60 million people. So a Single European market makes business more efficient.

to be able to describe how business are affected by the EU Economies of Scale Larger firms can achieve economies of scale. = reductions in unit costs when producing large quantities Technical – large firms can afford better machines Trading – larger firms can get discounts by buying in bulk Financial – larger firms can borrow at lower interest rates Managerial – larger firms can hire specialist managers Small firms are usually more expensive but can compete on service

to be able to describe how business are affected by the EU The value of the UK pound against other currencies is called its ……..A Importers prefer a …..B…. £ because it lowers the price they have to pay suppliers Exporters prefer a …..C….. £ because it makes their products appear cheaper to foreign customers

to be able to describe how business are affected by the EU The value of the UK pound against other currencies is called its exchange rate Importers prefer a stronger £ because it lowers the price they have to pay suppliers Exporters prefer a weaker £ because it makes their products appear cheaper to foreign customers

to be able to describe how business are affected by the EU Summary For importers, the problem is when exchange rates RISE/FALL. They can either put up their price or lower their profit margins. For exporters, the problem is when exchange rates RISE/FALL because it makes their products more expensive.

to be able to describe how business are affected by the EU Summary For importers, the problem is when exchange rates fall. They can either put up their price or lower their profit margins. For exporters, the problem is when exchange rates rise because it makes their products more expensive.

to be able to describe how business are affected by the EU Name that country! The European Union

to be able to describe how business are affected by the EU 27 members

to be able to describe how business are affected by the EU

1957: The original six

to be able to describe how business are affected by the EU 1973: UK, Ireland and Denmark join

to be able to describe how business are affected by the EU 1981: Greece joins

to be able to describe how business are affected by the EU 1986: Spain and Portugal join

to be able to describe how business are affected by the EU 1995: Austria, Finland and Sweden join

to be able to describe how business are affected by the EU 1995:Most continental Europeans can now leave their passports at home as the Schengen agreement comes into force and scraps border controls.

to be able to describe how business are affected by the EU

2004: New members

to be able to describe how business are affected by the EU 2007 Romania and Bulgaria join

to be able to describe how business are affected by the EU

What does the EU do? For businesses…. For workers….

to be able to describe how business are affected by the EU What does the EU do? For businesses – easier to trade For workers – they can work anywhere in the EU

to be able to describe how business are affected by the EU What does the EU do? For businesses – easier to trade For workers – they can work anywhere in the EU For people travelling abroad…. For the environment….. For consumers….. For farmers…. For workers’ rights…. For poorer regions…..

to be able to describe how business are affected by the EU the single currency [Euro] The Euro is a good idea because…. The Euro is a bad idea because….

to be able to describe how business are affected by the EU Free movement of workers the right to work in another Member State the right to live in another Member State the right to equal treatment in respect of access to employment and working conditions

to be able to describe how business are affected by the EU Free movement of workers …a good idea because.. …a bad idea because… the right to work in another Member State the right to live in another Member State the right to equal treatment in respect of access to employment and working conditions

to be able to describe how business are affected by the EU Name that country! The European Union

to be able to describe how business are affected by the EU 27 members