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The newest lamp type being used in residential wiring is the ___________________, which is initially expensive to purchase but because of its long life and very high efficiency will cost very little to use in the long run.
Discretionary Income
The amount of an individual's income that is left for spending, investing, or saving after taxes and personal necessities have been paid.
Family Life Cycle
The distinct phases that a family progresses through from formation to retirement, each phase bringing with it identifiable purchasing behaviors.
Middle-aged Couples
Partners typically ranging from about 45 to 65 years old, often facing the transition to empty-nesting or retirement.
Family Decision Making
The process by which decisions are made in a household, involving multiple family members with their respective influences and roles.
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