Question

Cashvestment, a wealth management firm, renders services to various clients such as salaried employees, entrepreneurs, high-net-worth individuals, and retired employees. The employees of Cashvestment are organized based on the type of clients they are involved with. In this scenario, Cashvestment most likely follows _____.

a. functional departmentalization.
b. product departmentalization.
c. customer departmentalization.
d. geographic departmentalization.

Answer 1

c. customer departmentalization.

Step-by-step explanation:

In customer departmentalization, departments are created based on the different customers the company serves.

In functional departmentalization, departments are created based on the different functions of each department e.g. marketing department, finance department etc

In geographic departmentalisation, departments are created based on the different regions, states or countries the company serves.

In product departmentalisation, departments are created based on the different goods and services that the company produces.

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