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Family Life Cycle
A series of stages through which a family progresses over time, including marriage, parenthood, and retirement, each affecting consumer behavior.
Purchasing Behaviors
The patterns and decision-making processes individuals use when buying products or services, influenced by psychological, social, and economic factors.
Retirement
The period in life when one chooses to permanently leave the workforce behind, often due to age or health.
Family Decision Making
The process through which family members collectively make choices about consumption-related matters, considering the preferences and needs of all involved.
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