The product is described as an article or item, which is offered by the company for sale, in exchange for money. We all know that it is the features of the product that attracts and retains customers for a long time, but the role of branding and packaging is also substantial. Branding is used to assign a unique identity to the product so that customers can easily differentiate it with other products available in the market. Now coming to, packaging, it ensures the protection of the product … [Read more...]
Difference Between Reference and Bibliography
While writing an assignment, article or book, the writer often looks for the sources to generate an idea or data. In this context, students usually misconstrue bibliography for reference, but they are different, in the sense that you give reference to the sources, that you have quoted in-text, in the research report or assignment. But on the other hand, in the bibliography, you create a list of all the sources you have gone through to conceive the idea. Reference and Bibliography is an … [Read more...]
Difference Between Line and Line & Staff Organization
Line Organization is the form of organization, wherein the authority flows from the person present at the top of the organizational hierarchy to the person working at the lowest level. In line and staff organization, the hierarchy remains same as in the line organization, but specialists are attached to the front line managers to advise and guide them on significant issues. A structural relationship is required to be developed between different departments and the people working in them, for … [Read more...]
Difference Between Wholesale Price Index (WPI) and Consumer Price Index (CPI)
To measure inflation in an economy, usually, Wholesale Price Index (WPI) and Consumer Price Index (CPI) are used. Wholesale Price Index helps in measuring the average change in prices received on bulk sale of goods. On the other hand, Consumer Price Index is one that computes the changes in the general price level of a class of consumer goods. Indexation is the process of adjusting the monetary proceeds such as wages, interests, dividend, taxes, etc., with the help of price index, so as to … [Read more...]
Difference Between Trading and Investing
The stock market has two segments, i.e. primary market and secondary market. In the secondary market, buying and selling of originally issued securities take place. The participants of secondary market are classified as traders, investors and speculators.There is a thin line of demarcation between trading and investing which lies in the intention of the participant while spending money, i.e. an investor invest money with a certain view in mind regarding the return, or the output generated. On … [Read more...]
Difference Between Productivity and Efficiency
The success and failure of a business entity depend highly on how it performs in the market, which is based on three important factors, i.e. productivity, utilization and efficiency. One of the primary objective of all the organizations worldwide is to improve the productivity and efficiency. So, many misconstrue these two terms which are different in the sense that productivity is the ratio of outputs produced to inputs involved in the process of production. On the other hand, efficiency is … [Read more...]
Difference Between Salary and Stipend
An organization is composed of members, which includes the owners, employees, workers and trainees who work for compensation which can be in the form of profit, salary or stipend. There always remains a confusion regarding when we talk about the term salary and stipend. Salary is paid to the employees, in return for the work performed by them in the organization. On the other hand, the stipend is provided to the interns or apprentices, who work in the organization for the short term, with an … [Read more...]
Difference Between Manual and Computerized Accounting
In accounting, the financial transactions are recorded, processed and presented to generate financial statements, that is useful to the readers, in making decisions. Traditionally, accounting is done manually, by a trained accountant, with the use of registers, account books, vouchers etc. But with the emerging technology, nowadays, computerized accounting is in vogue, due to its accuracy, convenience and speed. Both manual and computerized system is based on the same principles, conventions … [Read more...]
Difference Between Conventional and Non-conventional Sources of Energy
Energy implies the capacity or ability to work vigorously. It has a significant role to play in our day to day life, in fact, it is predominantly required in every field, whether it is a household, industry, communication, transport, defence or agriculture. Energy resources are broadly classified as Conventional and Non-conventional sources of energy. Conventional sources of energy are not present in the environment in abundance, however there uses are unlimited. On the contrary, … [Read more...]
Difference Between Metallic and Non-metallic Minerals
Minerals are defined as the homogeneous substances that occur naturally under varying conditions, in different types of geological environment. It is broadly classified into two categories, i.e. metallic minerals and non-metallic minerals. Metallic Minerals is composed of metals in their original form, whereas no metals are found in non-metallic minerals. Minerals possess a definite chemical structure, and their identification is based on their physical properties. The place where minerals … [Read more...]
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