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Essay heading: Frito-Lay Dips
 
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Issue: Business
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Date added: June 9, 2009
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No of pages / words: 7 / 1700
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Sales dropped from 1984 to1985. A new product introduced in 1986 is forecasted to boost sales. Large companies are entering the dip market and financing more advertising and marketing than Frito Lay's currently uses. More marketing and new products are needed to keep sales growth. Research and Development Excellent when the cheese dips were introduced in late 1983 to early 1984...
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More new products need to be introduced and research needs to be done to find out which products will be most popular and profitable. External Factors Opportunities Threats Consumer/Social Brand name is very recognizable. Dips are always used in social situations and the types of dips produced are always expanding...
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Also, Frito-Lay's had to look ahead not only for the competitors but the other product which might replace dips. Many consumers use salad dressing as a dip; actually 35% of refrigerated salad dressing volume is used for dips...
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