Final answer:
The current trends in the European business environment, such as globalization and supranationalism, greatly influence EU competitiveness.
Step-by-step explanation:
The current trends in the European business environment influence the competitiveness of the European Union (EU). One trend is globalization, which has led to increased competition from multinational corporations. These corporations have affected politics, workers, and the environment in developing nations, and have also impacted workers around the world. Another trend is the focus on supranationalism, where EU member states cooperate and coordinate their industrial activities to support their high standard of living. This cooperation allows the smaller European countries to compete with core economic powers in the global economy.