People use the same products and services as they progress through each life-cycle stage.

Question

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People's needs, preferences, and behaviors change as they progress through different life-cycle stages such as infancy, childhood, adolescence, adulthood, and old age. Hence, they may use different products and services that cater to their specific needs during each stage. For example, as infants, people may use baby formula, diapers, and toys, while as adults, they may use cars, houses, and savings accounts.

People Use the Same Products and Services as They Progress