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ISO 9001 vs 9002   ISO stands for International Standardization for Organization and is responsible for establishing standards for the well-being of the organizations. These International Standards provide economical, technological and societal benefits. These standards help to specify the technical requirements... 
Difference Between Buyer and Consignee
Buyer vs Consignee   Knowing the difference between buyer and consignee is important to those involved in trade or working in the procurement / purchase departments. Consignee and buyer are terms that are usually used in relation to one another especially when discussing international trade. The term buyer is... 
Difference Between Receivership and Liquidation
Receivership vs Liquidation   It may be difficult to understand the difference between receivership and liquidation as they are terms that are very closely related to one another. Also, an overview on bankruptcy and insolvency is important to get a clear picture of these two terms, receivership and liquidation. A... 
Difference Between Freight and Shipping
Freight vs Shipping   As freight and shipping are two of the most popular methods of shipping the products that one needs, there is a huge interest in finding the difference between freight and shipping. However, each one has its advantages as well as disadvantages. Therefore, knowing the difference between freight... 
Difference Between Boss and Leader
Boss vs Leader   Key Difference: Leader leads, listens, teaches, and learns while Boss commands, orders, and ignores Although both these terms, boss and leader, look alike, there are differences between a boss and a leader, in the modern business environment. A leader and a boss have two different characteristics.... 
Difference Between Staffing and Recruiting
Staffing vs Recruiting   Staffing and recruiting are two extremely important functions of any human resources department. Having the right people in right numbers at the right places is a key performance driver for the organizational effectiveness. Though the functions of staffing and recruiting coincide and thus... 
Difference Between TQM and TQC
TQM vs TQC   Quality can be considered as an important concept to every organization. It can be expressed as a measurement which is used to estimate the standard of a particular product or service. In 1950, Father of quality management Doctor Edward Deming defined quality as something which fits for the purpose.... 
Difference Between Transformational and Situational Leadership
Transformational vs Situational Leadership   There are several forms of leadership styles followed in organizations and  transformational leadership and situational leadership are two of those leadership styles. This article explains what these two leadership styles are, and the difference between transformational... 
Difference Between IFRS and AASB
IFRS vs AASB   An accounting standard can be defined as a set of rules and procedures that need to be followed in preparing financial statements at the end of a financial year. This article evaluates the purposes and the importance of AASB accounting body and IFRS standards that are linked with the international... 
Difference Between Sunk Cost and Opportunity Cost
Sunk Cost vs Opportunity Cost   In cost accounting, there are specific costs related to planning and decision making of business activities. In this article,the definitions of sunk cost and opportunity cost, methods of calculating sunk cost and opportunity cost, the purpose of sunk cost and opportunity cost calculations,... 
Difference Between Account Balance and Available Balance
Account Balance vs Available Balance   Although they sound similar to each other, there is a difference between account balance and available balance. Available balance directly affects the cash deposits or withdrawals, but the account balance in the bank account takes time to update the changes, either cash increases... 
Difference Between Inventory and Assets
Inventory vs Assets   Assets are the resources owned by the company , and these assets can be classified as fixed assets and current assets. Inventory is a specific type of current asset which can be classified into raw materials, work in progress and finished goods. Although both are categorized as assets, they... 
Difference Between Leading and Managing a Project
Leading vs Managing a Project   Project management involves the use of knowledge, techniques and skills to execute the projects more effectively and efficiently. Usually the projects are aligned with the goals of the business organizations. Success of the projects heavily depends on the effectiveness of the project... 
Difference Between Branding and Marketing
Branding vs Marketing   Branding and marketing are both used to foster and enrich awareness of a product or company. Though they refer to different things, there is substantial overlap (and substantial confusion): your brand should inform your marketing, and likewise, your marketing should inform your brand. One... 
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Flyer vs Brochure   There are many different ways to let people know about your product, service, or any upcoming project or event. Flyers and brochures are two such tools that allow a business to market their products or service in an easy manner. Both happen to be printed products on papers making it confusing... 
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Flyer vs Pamphlet   There are many inexpensive ways to advertise or market a product or to announce an upcoming event. You must have often received a single sheet of paper from an unknown person in the market who also gives the same paper to all others who happen to pass by him. This is a form of marketing that... 
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