Meaning of “diversified” in the English Dictionary

business-english dictionary

"diversified" in Business English

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diversifiedadjective

uk /daɪˈvɜːsɪfaɪd/ us /dɪˈvɜrsɪfaɪd/

COMMERCE, FINANCE including a range of different types of products, investments, etc. in order to reduce risk or increase the chances of success:

The organization needs to cover its operating costs from diversified funding sources; it can not rely upon any single revenue stream.
diversified company/enterprise/industry Diversified companies are better equipped to survive recession.

(Definition of “diversified” from the Cambridge Business English Dictionary © Cambridge University Press)