When Hilton Brews,a large company producing instant mixes for all kinds of beverages,noticed the rise in people consuming tea for its potential health benefits,the company introduced a new line of organically grown and processed teas like green tea or tea with various herb extracts and additional antioxidants.Which of the following organizational growth strategies was used by Hilton Brews?
A) Product development
B) Diversification
C) Market penetration
D) Market development
Correct Answer:
Verified
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