The European Union encourages companies to abandon national boundaries and offer the same products to all of the member countries. Allianz,Germany's largest insurance group,is considering converting from a German company to a European company. If it makes this decision rationally,what will it do first?

Question

Quizplus · Accepted Answer

Allianz will first need to identify and address any tax and regulatory issues that could arise from becoming a European company. This is a logical step towards ensuring a smooth transition from a German company to a European one. Option A is incorrect as national GNPs would not be relevant in this decision. Option C is incorrect as converting to a European company means offering products to all member countries at the same time. Option D is incorrect as the decision would most likely be made by the company's leadership team or board of directors, not a committee.

The European Union Encourages Companies to Abandon National Boundaries and Offer