diversification
/dɪˌvɜrsɪfɪˈkeɪʃən/
noun
- The process of making or becoming more varied or different, especially in business or investment.
- The company's diversification into new markets helped it survive the economic downturn.
- Financial advisors often recommend diversification to reduce risk in your investment portfolio.
- The farm's diversification included adding a pumpkin patch and a corn maze to attract visitors.
- The act of adding variety to something, such as products, services, or activities.
- The school's diversification of extracurricular activities gave students more choices.
- The restaurant's menu diversification attracted a wider range of customers.
- Diversification of skills is important for career growth in today's job market.
Antonyms