Director vs Managing Director Director is a higher executive post in a business organization that comes with many prefixes, and there may be many directors in a large organization. If nothing is specified, it can be assumed that a director is a person belonging to the board of directors. As per law, a director is […]
Difference Between CEO and Managing Director
CEO vs Managing Director Gone are the days when the organizational structure was as simple as management and employees, with their being an owner who kept managers and employees to run the affairs of the business. Today, with companies becoming bigger and operations specialized, the nomenclatures of posts in large organizations have become confusing for […]
Difference Between Ordinary Shares and Preference Shares
Ordinary Shares vs Preference Shares A share denotes a claim on a corporation’s ownership or interest in a financial asset. Shares are commonly divided into two types, known as ordinary shares and preference shares. Ordinary shares and Preference shares are distinguished from each other based on the benefits, rights and features that they offer to […]
Difference Between Human Resource Management and Personnel Management
Human Resource Management vs Personnel Management HRM and PM are commonly used terms by many to highlight various facets of managing people in organizations. However, majority is not aware of the underlying differences. The term ‘HR manager’ is often used in synonymous to ‘personnel manager’ in many job vacancy advertisements. This article will focus […]
Difference Between Economics and Commerce
Economics vs Commerce Economist is concerned with the economic system and its operation in the country; whereas, the transfer of the results of production from producer to the consumer would be the key concern in commerce. Commerce has been part of history. From trading using barter system to selling and buying using currency, the activity […]
Difference Between Economies of Scale and Economies of Scope
Economies of Scale vs Economies of Scope Both economies of scale and economies of scope are conceptually the same, and the nature of these two can change the structure of the competition in the industry over a time, as well as the profitability of supplying to consumers. They both provide companies ways of increasing the […]
Difference Between Market Economy and Mixed Economy
Market Economy vs Mixed Economy Ever wondered why in some markets the businesses do well as opposed to the other, where strict government regulation and intervention prevents these? United States has a mixed economy because they have both private owned companies and government playing key role in the market. Market Economy Market Economy as per […]
Difference Between Business Ethics and Personal Ethics
Business Ethics vs Personal Ethics What is Ethics? The term ‘Ethics’ boils down to ‘knowing the difference between what is right and wrong’. But this right and wrong are different from person to person. Enron scandal left a deep scar on the business community. The fall of Enron was solely not the responsibility of manipulation […]
Difference Between Pawning and Selling
Pawning vs Selling We all know about selling as we have ourselves sold one or more of our items, whether or not we are into retailing or wholesale. This is because all our life we are buying items from the market or the malls and know very well what selling entails. There is another arrangement […]
Difference Between Credit Rating and Credit Score
Credit Rating vs Credit Score All large and established companies are carrying out their businesses mostly on credit basis. What does it means is, when certain customer buys from a particular company that the company may allow some period for those customers to pay off the balance. The period allowed is known as credit period. […]
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