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Nestle
When consumers think of Nestle, they probably think of chocolate. Historically, though, Nestle's confectionary business is its weakest area. Based in Switzerland, it is the world's largest food company, with a brand arsenal of Nescafe, Jenny Craig, Perrier, Purina, and PowerBar, just to name a few of its 30 product lines. Nestle is hoping to become the "world's leading health, nutrition, and wellness firm" by spending billions of dollars on research and development of functional foods--foods that have pharmaceutical-like capabilities to enhance energy and heart, bone, gut, and other health. Nestle wants consumers to see chocolate as a pharmaceutical product rather than just a treat. Part of this new focus includes streamlining their product mix by selling underperforming items or lines that do not fit its new direction. Critics claim this new focus could hurt the company's existing brands if the new products fail. Additionally, it may be an uphill battle convincing consumers that a company known for indulgence is now a wellness company.
-Refer to Nestle. Nestle's quest is to make some of its existing products more nutritious and provide a health benefit. This is an example of which type of product modification?
Thurstone
Louis L. Thurstone is known for his contributions to psychology, notably in the development of psychometrics and the theory of multiple intelligences.
Spearman
Charles Spearman, a psychologist known for his work in statistics and as the proponent of the g factor theory of intelligence.
General Intelligence
A term used to describe a person's overall mental capability, including the ability to reason, plan, solve problems, think abstractly, understand complex ideas, and learn quickly.
Specific Capacities
The particular abilities or skills that an individual possesses, which can vary greatly from person to person, such as memory capacity, athletic ability, or intellectual strength.
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