diversification
Translation
diversification
Examples
The company's diversification into new markets was successful.
The company's diversification into new markets was successful.
Diversification is key to a healthy investment portfolio.
Diversification is key to a healthy investment portfolio.
Grammar Patterns
((diversification)) ((of sth.)) the process of making something more varied. Diversification of the economy is important.
((diversification)) ((into sth.)) the process of a business enlarging its range. The company's diversification into new markets was successful.
Similar Words
Synonyms: variation, expansion, branching out
Etymology
From 'diversify' plus the noun suffix '-ation', indicating a process or result. Formed from 'diverse' + '-ify' (to make).
Memory Tips
Think of the 'action' (-ation) of making something 'diverse'. It's often used in business and finance contexts.