diversification
/dɪˌvɝsɪfɪˈkeɪʃən/
Word Rarity
Rare
Frequency: 3.22 in modern English
24
Scrabble Score
15
Letters
6
Syllables
12
Unique Chars
Meaning
noun
A corporate strategy in which a company acquires or establishes a business other than that of its current product.
Countable; Uncountable
noun
An investment strategy involving investing in a range of assets with differing features in order to reduce specific risk.
Countable; Uncountable
Example Sentences
- "In 2024, the campaigns are against video game consulting companies such as Sweet Baby for performing what some gamers believe is “forced diversification.”"
Etymology
From Medieval Latin diversificatiō, from diversificātus, past participle of diversificō (“diversify”), from Latin diversus (“turned in different ways”) + faciō (“make, do”). By surface analysis, diverse + -ification.
Origin
- Source language: Latin
Word Breakdown
- Root: diversificatiō, diversus
Regional Pronunciation
- American English: /dɪˌvɝsɪfɪˈkeɪʃən/
- British English: /daɪˌvɜːsɪfɪˈkeɪʃən/