Commerce Insurance Services Has Five Divisions: Personal,core Commercial,Main Street Business,major

question 137

Multiple Choice

Commerce Insurance Services has five divisions: personal,core commercial,Main Street business,major commercial,and benefits. The company is also departmentalized along product lines. What type of departmentalization does Commerce Insurance Services use?

• A)boundaryless  
• B)product  
• C)customer  
• D)matrix

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Definitions:

Creative Destruction

A process in economics where innovation leads to the demise of existing structures and businesses, paving the way for new ones.

Technological Advance

The introduction of new technologies or improvements in existing technologies that increase productivity and efficiency.

International Trade

The exchange of goods and services between countries, allowing for access to foreign markets and diverse products.

U.S. Firms

Entities operating under the regulatory, legal, and economic environments of the United States, engaged in commercial, industrial, or professional activities.