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Later, the whole post-operative cycle concluded.
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Instead, the journey revealed that the consumers spend a lot more time exploring, and in a post-purchase loyalty cycle.
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By the late 1990s he was overseeing a team of 200 analysts who used decision-tree economics to determine the value of a case at various stages along its life cycle, from initial filing to post-verdict appeal.
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Some may be deterred by Facebook's performance but most try to buy earlier in a company's life cycle so that they aren't dependent on a post-IPO bounce, he said.
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In the future, Mr Letwin wants the budget to balance across the cycle, a demanding goal, rarely, if ever, achieved in the post-war period.
ECONOMIST: Bagehot