diversification

Plural: diversifications

Noun

• the act of introducing variety (especially in investments or in the variety of goods and services offered)
  • "my broker recommended a greater diversification of my investments"
  • "he limited his losses by diversification of his product line"
• the condition of being varied
  • "that restaurant's menu lacks diversification; every day it is the same"
• The act, or the result, of diversifying.
• A corporate strategy in which a company acquires or establishes a business other than that of its current product.
• An investment strategy involving investing in a range of assets with differing features in order to reduce specific risk.

Synonyms

variegation