DIVERSIFICATION
diversification, variegation
(noun) the act of introducing variety (especially in investments or in the variety of goods and services offered); “my broker recommended a greater diversification of my investments”; “he limited his losses by diversification of his product line”
diversification
(noun) the condition of being varied; “that restaurant’s menu lacks diversification; every day it is the same”
Source: WordNet® 3.1
Etymology
Noun
diversification (countable and uncountable, plural diversifications)
The act, or the result, of diversifying.
A corporate strategy in which a company acquires or establishes a business other than that of its current product.
(finance) An investment strategy involving investing in a range of assets with differing features in order to reduce specific risk.
Source: Wiktionary
Di*ver`si*fi*ca"tion, n. Etym: [See Diversify.]
1. The act of making various, or of changing form or quality. Boyle.
2. State of diversity or variation; variegation; modification;
change; alternation.
Infinite diversifications of tints may be produced. Adventurer.
Source: Webster’s Unabridged Dictionary 1913 Edition