Small Ligtle Things Flashcards
(7 cards)
Benefits of eu
Access to the Single Market
Businesses can trade goods and services across EU countries without tariffs or customs barriers.
Freedom of Movement
Organisations can hire workers from any EU country without needing visas or work permits.
EU Funding and Grants
Eligible businesses can apply for EU grants, subsidies, and development programs.
Costs of eu
Regulatory Compliance
Companies must follow EU laws and standards, which can be expensive and time-consuming.
Increased Competition
Open markets mean more competition from other EU businesses, which can reduce profits.
Political and Financial Contributions
Some organisations may face indirect effects from their country’s financial obligations to the EU.
ASEAN benefits
Access to Regional Markets
Businesses can trade more easily with other ASEAN countries due to reduced tariffs and trade barriers.
Lower Production Costs
Access to a large, low-cost labour market can help reduce manufacturing and operational expenses.
Regional Stability and Cooperation
ASEAN promotes political and economic cooperation, which helps create a more stable business environment.
ASEAN costs
Uneven Development Across Members
Economic and infrastructure differences between countries can create challenges in standardisation and logistics.
Limited Legal and Regulatory Integration
Unlike the EU, ASEAN does not have strong central regulations, so businesses must navigate different national laws.
Competition from Regional Players
Opening up to ASEAN markets increases competition from local and regional firms.
Transfer pricing benefits
Lower taxes: Companies can pay less tax by shifting profits to countries with low tax rates.
Track performance: Helps businesses see how well each part of the company is doing.
fayols principles of managment
Remuneration - appropriate financial rewards are given to motivate employees
Division of Labour - assigning tasks based on individual skills/expertise
quity - managers treat all employees with fairness and respect
Scalar Chain - formal line of authority that flows from top management down
unity of command - employees should know who to report to without confusion
Discipline - importance of mutual respect, established rules/regulations
china manu pro
China is shifting from low-cost manufacturing to high-tech industries like electronics and robotics.
The “Made in China 2025” initiative aims to lead in electric vehicles and AI.
Automation and robotics reduce labor dependency, increasing efficiency and productivity.
Stricter environmental regulations have led to factory closures and relocations.
Heavy investment in R&D aims to reduce reliance on foreign technology and advance green energy.
Economic growth is shifting from exports to domestic demand, driven by a growing middle class.
The U.S.-China trade war and tariffs have disrupted supply chains, pushing companies to diversify production to other Asian countries.
