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What is branch division?

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Question added by Danish Farid , Tax Associate , Limra Law Firm
Date Posted: 2013/07/30
Mirela Minculeasa
by Mirela Minculeasa , Accountant (Accounts Payable and Receivable) , DoubleTree by Hilton Jumeirah Beach

Economic and financial unit subordinate to a larger similar unit.

Hashif  Shajahan
by Hashif Shajahan , Financial Analyst , Bahar Al-Kuwait Group Holding Company

Branch is distributing the products in different geograhic areas where as division is typically a develop a specific group of products. For example Insurance branch has Sales division, Maturity claim division, Motor Vehicle division, Life Insurance division  

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