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Meaning of diversification

 

 

 

Diversification

 

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Business glossary

 

Meaning of term diversification :

 

Diversification is where a firm produces new products or services to expand the range of goods and services they offer. They may also diversify by buying companies offering different goods and services. A key reason for diversification may be to reduce risk by being overly exposed in one particular market.

 

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Diversification

 

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Meaning of term diversification

 

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