Normal Goods vs Inferior Goods What could be Normal and Inferior goods? The names are in themselves very confusing and suggestive of something that is of weaker quality. Thankfully, these are terms used by only economists and not by common people. Goods or items used by us are classified by economists based upon our behavior. […]
Difference Between Vendor and Supplier
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 Margin and Markup
Margin vs Markup Margin and markup are words that do not bother common people, but they are extremely important for those who are in a retail business. Markup and margin are related concepts as both are frequently used while pricing goods for selling. If the establishment has a fixed percentage set for profit, there margin […]
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 Quality and Value
Quality vs Value Quality and value are attributes of a product or a service that ultimately decide its higher or lower sales and also help in creating an image of the company. There is quite a gap between what organizations think about quality and how customers perceive presence or absence of quality in a product […]
Difference Between Retail and Wholesale
Retail vs Wholesale The difference between retail and wholesale has to do with the quantity of the product each sell and to whom they sell. Wholesale is the vital link between manufacturers and the end consumers. It is the presence of wholesalers that lets manufacturers breathe a sigh of relief as they can sell […]
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 Public Relations and Publicity
Public Relations vs Publicity Public Relations and Publicity are two different terms, between which there are differences. Firms that specialize in public relations do publicity, but they also do much more than publicity. Thus, it is clear with this sentence that ‘public relations’ (PR) is a bigger term comprising publicity. Publicity is easier than […]
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