Question

In the maturity stage, competitors compete on price and product features. They also attempt to differentiate their product to satisfy different segments of the market. An example of a product in the maturity stage is

Answer 1

Answer: Coca-cola

Explanation:

Coca-cola as a soft drink has dominated the world since the 20th century but faces competition against drinks from other companies such as Pepsi and RC Cola.

In other to keep up their competitive edge and sell to more customers, the embark on extensive marketing campaigns that are catchy and memorable.

Coca-cola has also been differentiated over the years by introducing various flavors that are meant to appeal to different segments in the market such as  Diet Coke, Coca-Cola Zero Sugar, Coca-Cola Cherry and Coca-Cola Vanilla.