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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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Flier vs Flyer   There are many pairs of words in English that have the same pronunciation and almost same spelling. These pairs of words can create much confusion for all those who are trying to learn the language. One such pair of words is flyer and flier both of which are pronounced in the same manner, but have... 
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Flyer vs Leaflet   Flyer, leaflet, pamphlet, brochure, flier, etc. are words that are heard commonly in connection with business promotion stationary. After visiting cards, these items happen to be effective tools to market a product or event. Flyer and leaflet are two words that confuse many people because of... 
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Factoring vs Forfeiting   Factoring and forfeiting are both mechanisms used in financing international trade transactions to secure receipts of unpaid invoices and receivables. In both, the risk of debt collection is passed down from the seller to a third party, and depending on whether the agreement is recourse... 
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Factoring vs Invoice Discounting   Factoring and invoice discounting are methods used by sellers of goods and services to obtain payment on their invoices and receivables through banks and financial institutions that offer factoring and invoice discounting services. Factoring and invoice discounting offer businesses... 
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Double Entry System vs Double Account System   The double entry system is an accounting system that is used and accepted worldwide for the maintaining of accounts. The double account system, on the other hand, was developed specifically for public utility firms that spent a large sum of capital on the purchase... 
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Cheque vs Demand Draft   Businesses and individuals use a number of payment mechanisms to transfer funds, settle transactions and make payments. Most of these transactions occur through the aid of banks and financial institutions. Cheques and demand drafts are two such methods used for transferring funds and making... 
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