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