diversification
/daɪˌvɜːsɪfɪˈkeɪʃən//daɪˌvɝsɪfɪˈkeɪʃən/
noun
- 1
The act, or the result, of diversifying.
- 2
A corporate strategy in which a company acquires or establishes a business other than that of its current product.
- 3
An investment strategy involving investing in a range of assets with differing features in order to reduce specific risk.
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