Sky Is the Ltd. is an Israeli-based company that manufactures and distributes a wafer-thin cracker called Bible Bread. In 1995 it launched Galilee Splendor Inc. in the United States to act as a distributor of the bread in this country. This is an example of a _____ strategy.

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This is an example of a market development strategy, where a company enters a new market with an existing product. Sky Is the Ltd. is expanding its market for Bible Bread by entering the United States through Galilee Splendor Inc.