Research the European Union. In 3-4 well-developed sentences, respond to the prompts below. Be sure to use proper spelling and grammar. Cite sources, where applicable, in correct APA format.
1. Define the purpose of the European Union. Why was it established?
2. Identify and describe the organizational structure of the EU. What benefits does such an organization provide to its participants?
3. What are the European Union's trade policies? How effective are these policies?
4. How do strategies employed by the EU compare or contrast with American business strategies? What benefits does an EU-type of organization have over U.S. domestic trade?
5. How powerful or influential within the international business arena was the European Union prior to Brexit? What is the state of the European Union today?