Vendor vs Supplier We frequently encounter words like vendor and supplier in a supply chain, and many times the words are used interchangeably to refer to a person or anyone who supplies goods or services to an organization. A supplier may be the manufacturer of goods, while a vendor may or may not be the […]
Difference Between Proforma Invoice and Commercial Invoice
Proforma Invoice vs Commercial Invoice Most people are aware of the words invoice and bill as they themselves pay so many invoices and bills every month from their mobile service provider to utility service providers. However, in international trade, there are two terms Proforma invoice and Commercial invoice that are similar in nature and thus, […]
Difference Between Point of Sale and Point of Purchase
Point of Sale vs Point of Purchase As an end consumer, one is hardly concerned with phrases like Point of Purchase and Point of Sale. In fact, a vast majority of the population does not even know these phrases. There are many who consider these phrases as similar and use them interchangeably. However, there are […]
Difference Between Sale and Hire Purchase
Sale vs Hire Purchase Most of us are aware of sale agreement only, which is another name of invoice that we get when we make a payment for an item through cash or credit card. However, there is also a system of purchase that allows a buyer to pay in installments and yet get ownership […]
Difference Between Goods and Services
Goods vs Services Difference between goods and services is one of the basic topics discussed in subjects such as economics. If you look at the money spent by you every month on your family budget, you can easily bifurcate into money spent on goods, and the money spent on services. All the utility bills […]
Difference Between Refund and Rebate
Refund vs Rebate Refund and Rebate are two words that are often confused as words that give the same meaning. Actually they are not so. There is of course some difference between the two words. A rebate is an amount paid by way of return on what has already been paid by the customer for […]
Difference Between MSRP and Invoice
MSRP vs Invoice If you have ever been to a car dealer enquiring about the prices of a new car, you must have seen the MSRP of the car, also known as sticker price, hanging inside the car. This is also known as Manufacturer suggested retail price, that car dealers freely display in the form […]
Difference Between Bidding and Auction
Bidding vs Auction Despite auction being a very popular form of selling and buying of goods and services, there are people who remain confused between the terms bidding and auction. This may be due to various types of auctioning systems in prevalence. As against the common practice of printing an MRP on the product and […]
Difference Between Good Sale and a Great Sale
Good Sale vs a Great Sale Sales have become an integral part of our lives. Whether it is New Year sales, Christmas sales, after Christmas sales, clearance sales of end of season sales, we encounter a sale every now and then. These sales provide a good opportunity to people to get their favorite items that […]
Difference Between Relational and Transactional Selling
Relational vs Transactional Selling Relational selling and transactional selling are two important styles of selling. ‘Sales’ is one field where different approaches are used by a sales person to maximize his sales. Out of these approaches, relational and transactional are very popular and are different styles of selling. Both have distinct features and pros and cons […]