Business terms and jargon explained. Your business dictionary
What is Diversification
This is when a business goes into another market other than it own industry. For example an oil company decides that it now want to sell clothes. The markets and industries are different and therefore the products or services the business sells is diverse.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.