1. Family Influence Consumer Behaviour
... Families change over time, passing through a series of stages called the family life cycle (FLC) (Blackwell, Miniard & Engel, 2001). The diagram below shows the eleven primary stages in the traditional FLC. In the stage of "Young Singles-, people have relatively low income. At this stage, people don't have many financial obligations, therefore, many of them spend most of their income on cars ... rather than what the children need. They usually spend on home improvements, luxury items, vacations, and second homes. Some of them are looking for fun educational opportunities. The following s...
- Word Count: 2999
- Approx Pages: 12