The family life cycle concept describes the distinct phases a family progresses through,each bringing identifiable purchasing behaviours,from _________.
A)birth to death
B)formation to retirement
C)the birth of children to retirement
D)the birth of children until children leave home

Question

Quizplus · Accepted Answer

The family life cycle concept describes the phases a family progresses through from formation (marriage or cohabitation) to retirement. Each phase has its own set of purchasing behaviors and financial priorities based on age, income, and family composition.

The Family Life Cycle Concept Describes the Distinct Phases a Family