Southeastern Bank Organizes Its Loan Operations Based on the Market

question 69

Multiple Choice

Southeastern Bank organizes its loan operations based on the market served-consumer, small business, or nonprofit organizations. Departmentalization based on ________ allows Southeastern to better serve borrowers with different needs.

• A) function
• B) geography
• C) process
• D) customer group

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Definitions:

Identifying

The process of recognizing or establishing the identity of something or someone.

Cost of Goods Sold

Direct expenditures tied to the making of goods that a company markets, which include both labor and material costs.

Direct Cost

Expenses that can be directly traced to the production of specific goods or services, such as materials and labor.

Scooter Manufacturer

A company engaged in the design, production, and sale of scooters, encompassing activities from sourcing materials to assembling finished products.