diversifying Definition
- 1to make a variety of different products, services, investments, etc. in order to spread risk
- 2to increase the variety of something
Using diversifying: Examples
Take a moment to familiarize yourself with how "diversifying" can be used in various situations through the following examples!
Example
The company is diversifying its product line to reach new customers.
Example
Investors are diversifying their portfolios to minimize risk.
Example
The restaurant is diversifying its menu to include vegan options.
Example
The university is diversifying its faculty to promote inclusivity.
diversifying Synonyms and Antonyms
Synonyms for diversifying
Phrases with diversifying
Example
Financial advisors recommend that you diversify your assets to protect against market volatility.
to learn and develop a variety of different skills in order to increase your employability and adaptability
Example
In today's job market, it's important to diversify your skills to stay competitive.
to generate income from a variety of different sources in order to reduce dependence on any one source
Example
Entrepreneurs often diversify their sources of income by starting multiple businesses or investing in different industries.
Summary: diversifying in Brief
To 'diversify' [dɪˈvərsɪfaɪ] means to increase the variety of something, such as products, services, investments, or skills, in order to spread risk or increase adaptability. Examples include 'The company is diversifying its product line to reach new customers.' and 'Investors are diversifying their portfolios to minimize risk.' Phrases like 'diversify your assets' and 'diversify your skills' provide specific applications of this concept.
