Question: Show me the steps to solve In 2 0 2 4 , Tesla Inc. acquired a battery manufacturing plant in Turkey. Turkey's inflation rate was
Show me the steps to solveIn Tesla Inc. acquired a battery manufacturing plant in Turkey. Turkey's inflation rate was in and in while the Turkish lira depreciated by and respectively, during those years. Corresponding inflation for the US was in and in
a What has happened to the competitiveness of Tesla's Turkish operations during and Explain.Hints: consider the real exchange rate of Turkish liramarks
b In early Tesla announced it would reduce its investment in the Turkish plant. What might have been the purpose of Tesla's publicly announced reduction? marks
c How are Tesla's customers and suppliers in Turkey likely to respond to this new policy? marks
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