Price Changes for Developed Real Property Can Be Rapid and Dramatic

question 55

Short Answer

Price changes for developed real property can be rapid and dramatic over short periods of time and create ____________________ demand.

---

Definitions:

Single-use Plans

Specific actions or strategies designed to address a particular problem, goal, or project, and not intended for repeated or continual use.

Budgets

Financial plans that allocate resources, project revenues and expenses, and guide spending and investment decisions over a specific period.

Standing Plans

Established procedures and policies designed to be used repeatedly to guide organizational actions.