It Is Often Quipped That the Three Most Important Factors

question 19

Multiple Choice

It is often quipped that the three most important factors in determining the value of real estate are

• A) location, location, location
• B) price, price, price
• C) value, value, value
• D) size, size, size

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Definitions:

Cross-cultural Adjustment

The process through which individuals adapt to and become more comfortable with the norms, values, and behaviors of a culture different from their own.

Cultural Knowledge

Understanding of the values, beliefs, practices, and social norms of different cultures, critical for effective cross-cultural communication.

Global Strategy

A strategy that involves planning and conducting transactions across national borders to meet the objectives of individuals and organizations on a global scale.

Culturally Sensitive

An approach that is aware of and respects the cultural differences and similarities between people without assigning them a value.