"How does a Diversification Strategy differ from Market Penetration, Market Development and Product Development Strategies?"

Group of answer choices

It involves new products in existing markets with little or no change to budgets and methodology.

It involves new customers and an effort to increase the consumption of existing customers.

$"$It involves new products and markets and causes an increase in current budgets, product development and needs new methodology. $"$

It involves targeting new customers in existing markets with little or no change to budgets and methodology.