Running head: FRITO-LAY, INC: SUN CHIPSTM MULTIGRAIN SNACKS Frito-Lay, Inc: Sun ChipsTM Multigrain Snacks Karen D. Nicosia cat valium canon University Marketing Management MKT-450 Instructor: Eric Freeman kinsfolk 25, 2010 Frito-Lay, Inc: Sun ChipsTM Multigrain Snacks Executive Summary Frito-Lay, Inc has been develop multigrain chips since the untimely mid-seventies after commercialiseing seek entrap that consumers wanted nutritious snacks, accordingly in 1974 the company launched to the market Prontos, a multigrain chip that was not really a prominent success, hence withdrawn from the issue market in 1978 (Kerin & Peterson, 2009). However, Frito-Lay knew that a healthier option was sympathetic to consumers and that this healthier option had halal time to be introduced, provided the market was not nominate for it yet (Kerin, Hartley, & Rudelius, 2009). Product research and development continued during the mid(prenominal)-eighties with The Harvest but in the early 1980s some(prenominal) market tests failed leading for marketing to introduce in the mid 1980s different flavors, flavor line of descent extensions, on their tralatitious snacks like Cool Ranch Doritos and low-fat versions of potato, corn, and tortilla chips (Kerin & Peterson, 2009).
In 1988 and with the inclination pacify of multigrain products, marketing research studies conducted consumers testing for about 10 months, show that consumers wanted a multigrain rectangular chip with ridges and best sample (Kerin & Peterson, 2009). Moreover, further research established that multigrain produ cts were perceived by consumers as healthier! option and considered for everyday snack, the conclusion was (Kerin & Peterson, 2009). The master(prenominal) idea is to introduce assorted flavors of multigrain chips that are appealing to consumers and would clear an prospect to develop a new product lines with line extensions in prescribe to increase revenues, profits, and maintain the lead in the snacking persistence (Kerin et al, 2009). Frito-Lay is a worldwide...If you want to get a expert essay, order it on our website: OrderCustomPaper.com
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