The stage of the product development life cycle is the hiking boot in maturity stage.
<h3>What stage of the product life cycle demands marketers to focus extra emphasis on how their product is distributed?</h3>
During this phase, "This brand is the best!" is the main message used in marketing and promotion. Additionally, when pricing gets more competitive, it must be changed to fit the differentiation strategy. The marketer frequently needs to focus heavily on distribution during the growth period.
<h3>Which stage of the product lifecycle could potentially demand the largest outlay of funds for marketing initiatives?</h3>
Stage of the market's emergence. Consider the stage of product launch as the market introduction. A substantial marketing investment is necessary for this PLC phase. The product's advantages are not yet known by the market.
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Answer: loss to buyers from paying higher prices plus the benefit to sellers from receiving lower prices.
Explanation:
Total surplus measures the maximum amount a buyer is willing to pay to ensure a smooth market flow plus the amount the seller is least able to sell a product as long as it's not below the cost price of that product.
Total surplus ensure the efficient running of a market and a better society overall.