Banks, insurance companies and distribution agencies are examples of ________.
A. departmentation by function
B. departmentation by products
C. departmentation by territory
D. departmentation by customers
Answer: Option C
Solution (By Examveda Team)
Banks, insurance companies and distribution agencies are examples of departmentation by territory. Departmentalization by Territory is the division of organization according to geographic regions as it groups jobs on the basis of territory or geography.This Question Belongs to Management >> Business Management
Banks, insurance, and transport companies are all examples of industries that use customer departmentation as a way of organizing their operations. This means that they divide their organization based on the different types of customers they serve, such as individual customers or business customers. This allows them to better tailor their products and services to the specific needs of each customer group.