Diversify means to introduce variety or expand into different areas, typically to reduce risks or increase opportunities. In the context of investments, businesses, or even personal skills, diversification helps balance performance by not relying solely on one aspect, product, or market.
- Businesses should diversify their products to reach a broader audience.
- Investors often diversify their portfolios to minimize risks.
- It’s important to diversify your skill set to stay competitive in the job market.
- Farmers diversify their crops to protect against unexpected weather changes.
- The company is planning to diversify into renewable energy sources.
- To grow your income, it’s wise to diversify your revenue streams.
- Large corporations often diversify their investments to safeguard against economic downturns.
- If we diversify our marketing strategies, we can target different customer segments.
