Meaning of diversification
Pronunciation: (di-vûr"su-fi-kā'shun, dī-), [key]
- the act or process of diversifying; state of being diversified.
- the act or practice of manufacturing a variety of products, investing in a variety of securities, selling a variety of merchandise, etc., so that a failure in or an economic slump affecting one of them will not be disastrous.
- diversification (Thesaurus)