Commercial Bank is the bank organized to perform public utility banking services, such as accepting deposits, lending money, etc. On the other hand, development bank refers to a multi-purpose financial undertaking set up to provide financial aid to the industrial and agricultural sector, to encourage development. Banks play a very important role in the financial system of every country. If the banking system in the economy is effective, it adds to the economic development of the country. … [Read more...]
Difference Between Appeal and Revision
An appeal refers to a legal process of applying to a superior court for reconsideration of a decision, judgement or order, given by a subordinate court. It is a well-known fact that the right to appeal is not a natural one, rather it is an inherent right to the litigation process. On the contrary, a revision implies the act of re-examining a case, so as to make it defect free or grant some relief in case of improper exercise or failure to exercise jurisdiction by a subordinate court. The … [Read more...]
Difference Between Conference and Seminar
Conferences and Seminars are often conducted for an elongated period of time, wherein a huge presentation or speech is given by a speaker on a particular subject, due to which people often juxtapose them up. However, a conference is a kind of pre-arranged meeting conducted over a period of few days, wherein a particular topic is deliberated and all the participants have some shared interest. On the contrary, a seminar implies an academic gathering of people, wherein the attendees are provided … [Read more...]
Difference Between Transactional and Relationship Marketing
Transactional Marketing is amongst the different marketing strategies that emphasize maximizing the sales volume and revenue of the firm. On the other hand, Relationship Marketing is concerned with building long term relationships with customers. At present, the biggest challenge for a company is not just to attract customers, but also to retain them for the long term, so as to gain new customers from the existing ones. Basically there are two marketing strategies which are being used by the … [Read more...]
Difference Between Copyright Infringement and Plagiarism
Though the subject matter of plagiarism and copyright infringement is the copying of the content and that too without the consent of the creator, however, they are not one and the same thing. Plagiarism involves stealing someone else's original and unique creation and not giving proper credit to the originator. On the contrary, Copyright infringement refers to the unauthorized duplication or stealing of another person's unique and creative work, in a way, which is specifically prohibited by … [Read more...]
Difference Between Essay and Report
Basically reports are a formal or official document which contains facts concerning a specific subject under study. It is the written presentation and analysis of the data, findings and results thereof that the researcher obtained during the research, using various methods such as survey, interview, observation, experiment, etc. On the other hand, an essay can be understood as a piece of writing, on a specific topic or subject, which expresses the author's own ideas and knowledge about the … [Read more...]
Difference Between Abstract and Introduction
All the research papers usually begin with an introduction, which contains a thesis statement. An introduction is used to give the background information about the topic and the work, as well as to state the problem to be examined. It often presents what the researcher attempts to prove/disprove in the work. On the other hand, the abstract is like a short summary of an academic article or research paper, which discusses the purpose of the study and the outcome of the research. It usually … [Read more...]
Difference Between Asset Management and Wealth Management
Asset management is a consultancy service offered by banks or firms, which discusses, oversees, and manages the assets of a person or entity. On the contrary, wealth management is not just investment advice or strategy, because it addresses all the facets of an individual's household's or company's financial life in a consultative and analytical manner. Keeping an eye on wealth is extremely important for its continuous increase and effective management. Moreover, it will also help the … [Read more...]
Difference Between ATL and BTL Marketing
Two common marketing strategies used in the advertising industry, to promote any product or brand are - Above the line (ATL) and Below the line (BTL). Above the line (ATL) marketing is used when mass media is deployed to give a boost to a brand and reach the maximum audience. On the other hand, Below the line (BTL) marketing is sort of one to one communication, wherein different techniques are used to reach a specific group of people. The basic difference between the two types of marketing … [Read more...]
Difference Between Leasehold and Freehold Property
Leasehold and Freehold are the two forms of legal ownership of a property, whereby freehold property is a property or land, which is owned or inherited for life. As against, when a property is acquired under the lease, it is termed as Leasehold property. When you are buying a freehold property, it means that you are buying it in full for an indefinite length of time, which covers both the land and the property as well. On the other hand, the arrangement which confers the right to hold any … [Read more...]
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