diversification (EN)

noun

noun “diversification”

1. the process of making something more varied or diverse
   Sign up to see the translation of definitions and examples into any language.

   The diversification of the city's food scene attracted more tourists.
2. a business strategy of expanding into new markets or products
   The company's diversification into electric vehicles boosted its profits.
3. an investment approach of spreading money across different assets to reduce risk
   By practicing diversification, she safeguarded her portfolio against market volatility.