diversifying

[dɪˈvərsɪfaɪ]

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

Phrases with diversifying

  • to invest in a variety of different types of assets in order to spread risk

    Example

    Financial advisors recommend that you diversify your assets to protect against market volatility.

  • diversify your skills

    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.