Answer:
Coke has experimented with different formulations of its popular Coca Cola product, including the failed New Coke iteration. The aim is to achieve the best tasting product that customers like.
A company that is operating a factory or assembly line may experiment with different methods of arranging the assembly line or with different production methods. Each time the production process is changed, this is a different iteration. Each time the order of operations and procedures are changed, this is a different iteration. The goal is to achieve the fastest, best and most optimal method of creating a product.
A musician may start with one version of a song and refine it, making changes to a note here and there or changing the tempo and speed. Many different iterations of a song may be created this way until the optimal finished product has been created that sounds and works the best.
A cook may experiment with a recipe, tweaking the ingredients or changing different steps of the process slightly until the food tastes as good as it possibly can.
Microsoft has released multiple versions of the Windows operating system to add functionality for users and to correct bugs. Each different version is a different iteration of its operating system and the goal is for the next iteration to be better than the last.
Step-by-step explanation:
Pick an example, and put it in your own words.