Use the Following to Answer the Questions

question 82

Multiple Choice

Use the following to answer the 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.
-Refer to Scenario 11.1.In 2008,Cheetos was in which phase of new-product development?

• A) Idea screening
• B) Product development
• C) Test marketing
• D) Business analysis
• E) Idea generation

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Definitions:

Board of Directors

A group of individuals elected by shareholders to oversee the management and major decisions of a corporation.

Dividend Payment

The distribution of a portion of a company's earnings to its shareholders, usually in the form of cash or additional stock.

Quarterly Basis

Pertaining to or occurring every quarter of a year, often used in the context of financial reporting or dividend payments.