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in 1990, GE acquired Tungsram Ltd., a Hungarian lightbulb manufacturer. Hungary's inflation rate was 28% in 1990 and 35% in 1991, while the forint (hungary's
in 1990, GE acquired Tungsram Ltd., a Hungarian lightbulb manufacturer. Hungary's inflation rate was 28% in 1990 and 35% in 1991, while the forint (hungary's currency) was devalued by 5% and 15%, respectively, during those years. corresponding inflation for the United states was 6.1% in 1990 and 3.1% in 1991. a- what happened to GE's hungarian operation's competitiveness during 1990 and 1991? explain. b- in early 1992, GE announced that it would cut back its capital investment in Tungsram. what might have been the purpose of the GE's publicly announced cutback
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