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Definition of Diversification-
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Definition of Diversification-

User Sourav Gulati
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5 votes

Answer:

the action of diversifying something or the fact of becoming more diverse

Step-by-step explanation:

User Stephen Pope
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I’m assuming this question is within the context of business or economics so I’ll frame my answer accordingly. Diversification is varying your portfolio(the investments you make or in a business’ case, the services they) to help lower the overall risk you take on. An example of this is a company that offers invests in oil, hotels, and restaurants. If the oil industry took a dive, the firm would not go under cause of revenue from its other investments.
User Iklinac
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