Question: [ loop ] A technology company called WizTech launched an innovative smart watch called loop. This smartwatch includes unique features, such as exercise tracking, sleep
loop A technology company called WizTech launched an innovative smart watch called "loop." This smartwatch includes unique features, such as exercise tracking, sleep and recovery suggestions, customizable watch face, and interconnectivity. After its quick take off and rave reviews, WizTech is facing tough competition from other companies releasing similar products. What is the primary marketing goal of WizTech during the maturity stage of the product life cycle?
To maximize market share and drive production
To maintain brand loyalty and maximize profits
To generate buzz and host social media campaigns
To phase out the product and minimize losses
To stress product differentiation from competitors
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