The EU Developed from a Post-War (WWII)

question 13

Multiple Choice

The EU developed from a post-war (WWII)

• A) coal and steel common market for the two commodities, the European Coal and Steel Community.
• B) IMF and World Bank meeting charged to work out a settlement with Germany.
• C) effort to allocate U.S. relief (the Marshall Plan) throughout Europe.
• D) attempt to reduce the threat of the Soviet Union in Europe.

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Definitions:

Strategic Planning

A systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Vision

A forward-looking statement or concept that outlines what an organization or individual aspires to achieve in the future.

SWOT Analysis

SWOT is an acronym for strengths, weaknesses, opportunities, and threats. By systematically evaluating all four of these factors, a firm can then develop the best strategies for gaining a competitive advantage.

Low-cost Producer

A business or manufacturer that can produce goods or services at a lower cost than competitors, often due to economies of scale, technology, or efficient processes.