is the classification scheme that segments consumers in terms of changes in income and family composition and changes in demands placed on income.

Name: is the classification scheme that segments consumers in terms of changes in income and family composition and changes in demands placed on income.
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Question

Quizplus · Accepted Answer

The Family Life Cycle is a classification scheme that segments consumers based on changes in income, family composition, and the demands placed on income as they progress through different stages of life.

Is the Classification Scheme That Segments Consumers in Terms of Changes