Businesses can achieve financial diversification through several methods:
Asset Allocation: Distributing investments across various asset classes such as stocks, bonds, real estate, and commodities. Geographic Diversification: Investing in different geographic regions to reduce exposure to any single country's economic and political risks. Industry Diversification: Spreading investments across various industries to avoid sector-specific risks. Product Diversification: Offering a range of products or services to minimize reliance on a single revenue stream.