GENERAL KNOWLEDGE

Detailed explanation-1: -A banking institution is well-suited for a divisional organizational structure broken down by customer type-consumer and industrial customers, for example. The traditional functional structure may not be the best organizational design for a bank, nor would be a divisional structure broken down by product or process.

Detailed explanation-2: -Large companies of any sort, but especially in manufacturing industries, are the best fit for this structure. These are the main advantages of a divisional organization: The different departments have some flexibility to operate separately from the company at large. It’s more adaptable to customer needs.

Detailed explanation-3: -The divisional structure by customers, tend to focus on the requirements of customer groups. The firms offer their services as per the types of divisions of customers. Producing customer-specific products according to their requirements help to reduce confusions and redundancy.

Detailed explanation-4: -Product-based divisional structure For example, supermarkets typically offer a wide variety of products. Because of this, a store may separate into departments, each with its own team leaders and organizational structure.

Detailed explanation-5: -The four types of organizational structures are functional, multi-divisional, flat, and matrix structures.