The European Union is an advantage for US and other global supply managers because

Question

Quizplus · Accepted Answer

All of the above options are advantages for US and other global supply managers. The development of a European single market means increased access to a larger customer base and streamlined trade procedures. The creation of European standards reduces the need for companies to comply with multiple sets of regulations, making it easier and less costly to do business in the EU. The reduction of trade barriers makes it easier to import and export goods between the EU and other countries. The Euro also helps to facilitate trade and eliminate currency conversion costs for companies doing business within the eurozone.

The European Union Is an Advantage for US and Other