When a company chooses a target marketing strategy for a product,its choices are most likely influenced by the product's life-cycle stage.

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As the product progresses through its life-cycle, the target market may change, and the company may need to adjust its marketing strategy accordingly to reach and appeal to the new target audience. For example, in the introduction stage, the company may focus on a niche market to create awareness and generate buzz around the new product. In the growth stage, the company may expand its market reach to a broader audience and position the product as a leader in the market. In the maturity stage, the company may need to differentiate the product or create targeted promotions to maintain market share in a crowded market. In the decline stage, the company may need to focus on loyal customers or phase out the product altogether.

When a Company Chooses a Target Marketing Strategy for a Product,its