The document summarizes the 100-year rivalry between Coca-Cola and Pepsi in 3 paragraphs: Coca-Cola and Pepsi initially competed for market share through carbonated soft drinks and focused on bottlers, retailers, and suppliers. Coca-Cola was first to franchise but struggled with acceptance due to inexperience. It began acquiring bottlers to boost competition. In the 21st century, competition centered on emerging international markets and expanding beyond carbonated soft drinks. Price wars in the 1990s focused on low-price strategies. Globally, Coca-Cola dominated with 51.4% market share compared to Pepsi's 21.8%. Coca-Cola faced challenges including execution