A forward contract is a contract whose terms are tailor-made i.e. negotiated between buyer and seller. It is a contract in which two parties trade in the underlying asset at an agreed price at a certain time in future. It is not exactly same as a futures contract, which is a standardized form of the forward contract. A futures contract is an agreement between parties to buy or sell the underlying financial asset at a specified rate and time in future. While a futures contract is traded in an … [Read more...]
Difference Between Lease and Finance
Nowadays, it is very difficult for an individual or entity, to buy an expensive asset in one go. In such a case, lease and finance are the two best courses of action, that allows a person to make use of the asset when they don't have ample sum to pay the price. The lease contract is an arrangement, wherein the entity can use and control the asset without actually buying it. It is a type of renting asset. On the other hand, finance is another alternative to buying the asset, in which the … [Read more...]
Difference Between Training and Education
In general sense, the term training implies the act of imparting a special skill or behavior to a person, which is commonly offered to employees of operational level. It is not exactly same as education, which is a process of systematic learning something in an institution that develops a sense of judgment and reasoning in employees. It is offered to all employees equally, irrespective of their grades or level in the corporate ladder. These two are so closely intertwined that with the passage … [Read more...]
Difference Between Apprenticeship and Internship
In on-the-job training, the training is provided to the trainees, at the actual work location. There are several on-the-job training methods like orientation, coaching, job instruction, apprenticeship, and internship. Out of these methods, internship and apprenticeship are frequently misconstrued, but they are different. In apprenticeship, the trainee undergoes a training in which all the skills required for a particular occupation or trade are being taught. In this, the trainee gets hands-on … [Read more...]
Difference Between Investment Bank and Commercial Bank
Based on the work performed by the banks, the financial industry is bifurcated into two major segments i.e. investment bank and commercial bank. Commercial banks is set up for the purpose of concluding commercial transactions, such as legally take deposits and lend money to the customers like individuals and corporates. On the other hand, investment banks are established to offer services to investors. The operations of investment banks is different, and acts as an intermediary between buyers … [Read more...]
Difference Between Market Research and Marketing Research
Research is a methodical study of the given problem, performed to establish facts and reach conclusions. It is considered as a prominent tool because research is the first step of the marketing process. Market research is used to collect the information about the market, such as consumers needs, preferences, interests, market trends, latest fashion and so on. Market research should not be confused with marketing reasearch, which is the scientific and objective study of the overall marketing … [Read more...]
Difference Between Market and Marketing
In the business world, you have heard about the terms market and marketing, end number of times. but have you ever wondered, as, they are same or different? Market refers to a place where buyer and sellers can come in contact with each other either directly or indirectly, so as to trade goods and services for value. Its main function is to determine the price of the commodity, with the help of demand and supply factors. The term marketing is derived from the term market, and implies a process … [Read more...]
Difference Between Law and Ethics
In simple terms, the law may be understood as the systematic set of universally accepted rules and regulation created by an appropriate authority such as government, which may be regional, national, international, etc. It is used to govern the action and behavior of the members and can be enforced, by imposing penalties. Many times the term law is juxtaposed with the term ethics, but there is a difference, as ethics are the principles that guide a person or society, created to decide what is … [Read more...]
Difference Between PERT and CPM
Project management can be understood as a systematic way of planning, scheduling, executing, monitoring, controlling the different aspects of the project, so as to attain the goal made at the time of project formulation. PERT and CPM are the two network-based project management techniques, which exhibit the flow and sequence of the activities and events. Program (Project) Management and Review Technique (PERT) is appropriate for the projects where the time needed to complete different activities … [Read more...]
Difference Between Customer and Client
While clients refer to someone who looks for or uses professional service from the service provider (i.e. professional such as lawyer, doctor, chartered accountant, consultant, etc.) and pays a fee for the same. On the contrary, Customers are the one who is going to buy the product from the shop or business. He/She is someone, with whom the company deals and is considered as the king of business. In the business world, you might have frequently come across the terms customers and client, that … [Read more...]
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