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When its beer sales were flat, Budweiser became interested in entering the premixed cocktail segment by providing a product that would appeal to those who

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When its beer sales were flat, Budweiser became interested in entering the premixed cocktail segment by providing a product that would appeal to those who don't enjoy traditional beer. It launched Bud Light Lime-A Rita, a margarita-flavored, beer-based cocktail, sold in cans and bottles and best served over ice. This is an example of Multiple Choice market development. O product penetration market penetration O product innovation O diversification

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