diversifying

Meanings

• verb

  The act of making something more diverse or varied; introducing new elements or ideas.

• verb

  The process by which a company or organization broadens its product or service offerings to attract a wider customer base.

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Synonyms

variegate

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Rhymes

Words rhyming with diversifying
surprising , advising , revising , misaligning

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Variants

List of all variants of diversifying that leads to same result
diversified , diversifier , diversifiers , diversifies , diversify , diversifying

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Etymology

origin and the way in which meanings have changed throughout history.

Derived from the Latin word 'diversus', meaning 'different' or 'varied'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Did you know that the first company to use the term 'diversification' in its business strategy was DuPont in the 1920s?

2. The process of diversifying can help a company reduce risk by spreading its investments across different markets and industries.

3. Diversification is not just limited to business; it can also be applied to personal finance, investing in a variety of assets to reduce risk and increase potential returns.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Innovation: The process of translating an idea or invention into a good or service that creates value or for which customers will pay.

2. Globalization: The process of international integration arising from the intergrowth of economies, cultures, and populations around the world, especially as driven by multinational corporations.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

The term 'diversifying' has been used extensively in business and economics to describe the strategic expansion of a company's product or service offerings to cater to a more diverse customer base. This concept is closely related to the idea of innovation and competitiveness in the marketplace.

How to Memorize "diversifying"

1. visualize
   

   - Imagine a company expanding its product line to include new and diverse offerings. Visualize the process of researching new markets, developing new products, and marketing to a wider audience.

2. associate
   

   - Associate the term 'diversifying' with the idea of expansion, growth, and innovation. Think of a company broadening its horizons and reaching out to new customers.

3. mnemonics
   

   - Use the acronym D.I.V.E.R.S.E. to remember the meaning of 'diversifying': D - Difference, I - Introduce, V - Variety, E - Elements, R - Reach, S - Success, E - Expand.

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