The family life cycle concept refers to: a. the distinct phases a family progresses through from the birth of children to when the children leave home, each phase bringing with it identifiable purchasing behaviors.
b. the distinct phases an individual progresses through, from birth to marriage to having children to retirement, which each have identifiable purchasing behaviors.
c. the phases a blended family progresses through from marriage to separation, divorce, and remarriage, each phase bringing with it identifiable purchasing behaviors.
d. the distinct phases a family progresses through from formation to retirement, each with identifiable purchasing behaviors.
e. the intergenerational purchasing habits and product preferences that are passed down from one generation to the next.