Difference Between

Refurbished vs New   Refurbished products are returned to the manufacturer or the vendor for one or the other reason and reconditioned to be sold again though not as brand new. Refurbished is a term that people find confusing when they are buying a gadget or electronics item online. There are the usual products... 

Sale vs Clearance   Sale, clearance, and clearance sale are some of the terms that are very endearing to most of us as they give us an opportunity to get the item we had been looking for quite some time at prices that are very much lower than their retail prices. Whenever we see discount or sale, we are tempted... 

Refurbished vs Used   We all are aware of the word used and the concept behind used items as many of us have in the past bought items that have been used by their previous owners like second hand cars and other gadgets or home products. These days there is another term that is increasingly being used on websites... 

Inside vs Outside Sales   Salespersons are salespersons whether they sell at shops, close deals over the telephone, or pay a visit to client’s place to sell a product or service; this differentiation of inside sales and outside sales does not matter much to consumers. However, there are many differences... 

Traditional Trade vs Modern Trade   Right from the ancient times when barter was the only form of trade, as there was no money to make profit, trade has gone through a number of changes, both monetarily and technologically. If we include barter in traditional forms of trade and compare it with modern forms... 

Consumer vs User   We think we know the meanings of the words consumer and user. Of course, we do, as consumers are people who consume (literally) or make use of a product in the household. So if a person buys a LCD TV for use in his family, all members of the family are end consumers of the product. User... 

Super Market vs Hyper Market How did your parents make a purchase of grocery items when you were a kid? Probably they gave the shop owner a list of the items they needed and waited till the shop owner packed all the items taken out and weighed and packed. It was boring experience for you as a kid, and even your... 

FOB vs FCA In international trade, buyers and sellers enter into agreement beforehand so as to avoid any confusion once the process of transportation of goods has started. The agreements or contracts are of several types that are given a generic name Incoterms, which are applicable on all international trade.... 

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... 

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 manufacturer.... 

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... 

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... 

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 rights of the item when he... 

Goods vs Services 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 such as gas, water, and electricity are the services provided to you by different service providers whereas all... 

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 the purchase of a product... 

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 of a sticker. But are...