Use the Following to Answer Questions

question 44

Multiple Choice

Use the following to answer questions
Cheetos Fat-Free Crunchies is a product developed through advanced technology.Cheetos engineered a technique for making reduced-fat snacks that taste cheesier and stay fresh longer.Cheetos introduced Fat-Free Crunchies in limited markets in 2008 and began national distribution in 2009.
About 18 months later, a series of competitors' ads was run to counter claims that Cheetos Crunchies actually contained 1.5 grams of fat, and that they contained preservatives and additives.Research showed that the taste of Cheetos Crunchies was also perceived negatively by some people.To save the product, Cheetos reduced the remaining fat to 0 grams, took out the preservatives and improved the taste.
-Cheetos produces several cheese-flavoured snack products and is considering introducing a line of savoury biscuits.These new Cheetos biscuits would most likely be an example of:

• A)a product modification.
• B)a line extension.
• C)a quality modification.
• D)a functional extension.
• E)an aesthetic modification.

---

Definitions:

Indifference Curves

A graph representing different bundles of goods between which a consumer is indifferent, showing the combinations that yield the same level of utility to the consumer.

Engel Curve

Represents the relationship between a consumer's income and the consumption of a particular good, illustrating how purchasing habits change with varying income levels.

Utility Function

A mathematical representation that ranks an individual's preferences for different bundles of goods or outcomes, based on the level of satisfaction or utility they provide.

Consumption

The act of utilizing goods and services to satisfy needs or desires.