Meaning of the word diversification in English
What does diversification mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
diversification
US /dɪˌvɝː.sə.fəˈkeɪ.ʃən/
UK /daɪˌvɜː.sɪ.fɪˈkeɪ.ʃən/
Noun
1.
the process of a company enlarging or varying its range of products or fields of operation
Example:
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The company's diversification strategy included expanding into new markets.
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Diversification helps reduce risk in a business.
Synonym:
2.
the process of investing in a range of assets to reduce the impact of poor performance by any single asset
Example:
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Financial advisors often recommend diversification of investment portfolios.
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Effective diversification can protect against market volatility.