Question

The concept that consists of the distinct phases that a family progresses through from formation to retirement, each phase bringing with it identifiable purchasing behaviors, is referred to as the____________.

Answer 1

The correct answer is: family life cycle.

Step-by-step explanation:

The family life cycle refers to the natural stages families go through over time. There is no set path these stages follow but the most common steps in the life cycle of a family are leaving home -single young adults, joining families through partnership, families with young children, families with adolescents, launching children and moving on, and families in later life.