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

Question

Quizplus · Accepted Answer

Cashvestment is organizing its employees based on the type of clients they serve, which is customer departmentalization. Option A (functional departmentalization) organizes employees based on their specific skills and tasks, Option B (product departmentalization) groups employees by products or services they handle, and Option D (geographic departmentalization) groups employees based on the geographic location they serve. None of these options fit the scenario described in the question.

Cashvestment, a Wealth Management Firm, Renders Services to Various Clients