In the case of Segway, makers of the Segway personal mobility vehicle, the company discovered that individuals would be reluctant to purchase their products for personal use only after it had spent over $100 million in research and development. Instead of scrapping the product, Segway shifted their sales and marketing toward organizations like police departments and warehouse operators, where they could be successful. Which phrase BEST describes the approach they took?%0D%0A%0D%0A(1 point)%0D%0AResponses%0D%0A%0D%0APivoting to new market%0D%0A%0D%0APivoting to new market%0D%0A%0D%0ARefining an existing offering%0D%0A%0D%0ARefining an existing offering%0D%0A%0D%0ACreating a minimally viable product%0D%0A%0D%0ACreating a minimally viable product%0D%0A%0D%0AUsing feedback to iterate on a product

Pivoting to new market