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Meaning of diversification

di•ver•si•fi•ca•tion

Pronunciation: (di-vûr"su-fi-kā'shun, dī-), [key]
— n.
  1. the act or process of diversifying; state of being diversified.
  2. 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.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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