Diversification

Pronunciation

• Rhymes: -eɪʃən

Origin

From Medieval Latin diversificatio, from diversificātus, past participle of diversificō ("diversify"), from Latin diversus ("turned in different ways") + facio ("make, do")

Full definition of diversification

Noun

1. The act, or the result, of diversifying.
2. A corporate strategy in which a company acquires or establishes a business other than that of its current product.