Final answer:
The family life cycle is not a psychological dimension used for segmenting markets. Instead, it is a concept used by sociologists to explain the different processes that occur in families over time.
Step-by-step explanation:
The family life cycle is not a psychological dimension used for segmenting markets. Instead, it is a concept used by sociologists to explain the different processes that occur in families over time. It views each stage as having its own structure, challenges, and achievements that transition the family from one stage to the next. Consumer and marketing researchers have used the family life cycle to determine what goods and services families need as they progress through each stage.