Key Difference – RFI RFP vs RFQ RFI, RFP and RFQ are three types of documents used in project selection criteria. Some projects use all three documents in order to select suppliers, receive project proposals and quotations from them. RFI, RFP and RFQ are vital tools that can be used to achieve a successful […]
Archives for May 2017
Difference Between Normal and Abnormal Karyotype
Key Difference – Normal vs Abnormal Karyotype Chromosomes contain the genetic information of an organism, but the chromosomal numbers vary among different species. A healthy human has 46 chromosomes arranged in 23 pairs. There are 22 pairs of autosomes and one pair of sex chromosomes. There are thousands to millions of genes located in […]
Difference Between Apomixis and Parthenogenesis
Key Difference – Apomixis vs Parthenogenesis Flower formation, meiosis, mitosis and double fertilization are the major components of the seed formation pathway. In normal sexual reproduction cycle, production of haploid gametes and fusion of male and female gametes serve as the major steps which lead to the formation of the embryo that becomes the […]
Difference Between Hedging and Forward Contract
Key Difference – Hedging vs Forward Contract The key difference between hedging and forward contract is that hedging is a technique used to reduce the risk of a financial asset whereas a forward contract is a contract between two parties to buy or sell an asset at a specified price on a future date. Since the […]
Difference Between Marketing and Business Development
Key Difference – Marketing vs Business Development Businesses adopt various strategies in order to achieve success among competitors. These include actions to make their products enticing to customers as well as to expand their business scale and scope. Marketing and business development are two ways that companies use for this purpose. The key difference […]
Difference Between Functional Currency and Reporting Currency
Key Difference – Functional Currency vs Reporting Currency Some companies conduct transactions in one currency and record the financial results in a different currency; thus, giving rise to two types of currencies, functional and reporting currency. IAS 21- ‘The Effects of Changes in Foreign Exchange Rates’ provides definitions to the terminologies of these two […]
Difference Between Marketing Strategy and Marketing Plan
Key Difference – Marketing Strategy vs Marketing Plan The key difference between marketing strategy and marketing plan is that marketing strategy can be explained as a course of action to achieve a marketing objective whereas marketing plan is the set of actions implemented to realize the marketing strategy; i.e., how to achieve the desired […]
Difference Between Parthenogenesis and Parthenocarpy
Key Difference – Parthenogenesis vs Parthenocarpy Two types of gametes are fused during the fertilization. Male parent produces the male gametes, and the female parent produces the female gametes. Male gamete reaches female gamete by the process called pollination. These two gametes fuse with each other to produce a diploid zygote which develops into […]
Difference Between Market Research and Market Intelligence
Key Difference – Market Research vs Market Intelligence Market research and market intelligence are two terms that are often used interchangeably; however, the scope and the meaning of these two are different from one another. Marketing strategy is a vital aspect for businesses to attract and retain customers, and thus, adequate market research and […]
Difference Between Product Development and Market Development
Key Difference – Product Development vs Market Development The key difference between product development and market development is that product development is a strategy that focuses on developing new products in existing markets whereas market development strategy identifies and develops new market segments for existing products. Product development and market development are two quadrants […]
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