Market vs Industry The difference between market and industry becomes clear when you understand what each term stands for. However, there are certain similarities between the two that create the confusion. Nevertheless, we can say that while the words market and industry have many things in common, they are not synonyms. Now, you go […]
Difference Between Consumer Goods and Capital Goods
Consumer Goods vs Capital Goods There are two types of goods namely consumer goods and capital goods. Why this dichotomy, you might wonder? But then, can you compare a machine that produces shampoo sachets with the sachets themselves that are ultimately used by end consumers? Though both are goods, they are entirely different in form […]
Difference Between Margin and Profit
Margin vs Profit If you are into business, you have to deal with many words and terms that are similar in meaning, and yet different from one another, as there are several ways to look at profit in a business. You have markup, profit, margin, gross profit, operating profit, net profit, and so on. But […]
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 Hire and Lease
Hire vs Lease Hiring and leasing are two ways a company can fulfill its requirement of equipment for a short period of time without having to invest a huge amount. In hire purchase, one pays for the price of the equipment plus the interest for the period, and this amount is divided over a period […]
Difference Between Finance Lease and Operating Lease
Finance Lease vs Operating Lease A lease is a legal contract that gives the lessee a right to use the asset or product for a specified period of time which is often a large proportion of the useful life of the asset in return for a regular payment to the lessor, who happens to be […]
Difference Between Finance Lease and Hire Purchase
Finance Lease vs Hire Purchase Why own a mango tree when all you are interested in is, eating mangoes? If you are getting the right to live in an apartment, what difference does it make whether you are the legal owner of the apartment or not as long as it is almost guaranteed that you […]
Difference Between Protocol and Procedure
Protocol vs Procedure Protocol is a word that is mostly heard in relation with diplomacy and bureaucracy. It is similar in meaning to policy and procedures that are put in place to avoid chaos or any diplomatic blunder that may be a cause of embarrassment to a government. However, it is not just foreign office […]
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