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WebJun 4, 2024 · Psychic distance is the distance between a decision maker and the target of their decision. It has been found to have an important impact on how decisions are made. When decision makers are far from the target of their decision, they are more likely to make decisions based on their own personal preferences, rather than on the needs of the target. WebOct 31, 2014 · Cultural distance and psychic distance are two concepts that are widely used in the literature. A large number of studies use both concepts interchangeably with no clear distinction between them. A new model is proposed and empirically tested which shows that both concepts are conceptually different. Keywords. Foreign Country; Foreign Market gem wheelchair \\u0026 scooter service
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