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- the act of selling goods in a market for which they were not intended, usually without the knowledge or permission of the original seller: It is difficult for many states to prevent the diversion of arms to illicit markets. (Definition of diversion from the Cambridge Business English Dictionary © Cambridge University Press)
dictionary.cambridge.org/dictionary/english/diversion
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What does Division mean?
If a company director deliberately diverts business from one company to another, then this will be in direct breach of not only the duty to avoid conflict. but also the duty not to make unauthorised profit and to act in the best interest of the company.
DIVERSION definition: 1. a different route that is used because a road is closed: 2. the fact of something being sent…. Learn more.
Trade diversion occurs when tariff agreements cause imports to shift from low-cost countries to higher-cost countries. Trade diversion is considered undesirable because it concentrates production in countries with a higher opportunity cost and lower comparative advantage.
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Feb 1, 2005 · The opportunity for diverted goods largely springs from “tiered pricing,” in which one product may be sold at different price levels in different markets or circumstances.
Aug 17, 2022 · While concepts such as biodiversity are important offshoots of the core idea of diversity, this article focuses on diversity, equity, and inclusion in business and society rather than in other contexts.
From Longman Business Dictionary di‧ver‧sion /daɪˈvɜːʃən, də--ɜːrʒən/ noun [singular] when money stops being spent in one area of business or on one type of product, and starts being spent on another a diversion of resources away from the competitive export market.
A diversion is an action or event that attracts your attention away from what you are doing or concentrating on. The robbers threw smoke bombs to create a diversion. The whole argument is a diversion.
