The term insurance can be described as an arrangement through which the risk of loss can be shifted from one party (insured) to another (insurer), by paying a specified sum, at definite intervals, i.e. premium. Double insurance is a form of insurance, wherein the individual/company insures a particular property with more than one insurer or with multiple policies from the same insurer. Double insurance is not exactly same as reinsurance, as it is a transfer of risk on a policy by the … [Read more...]
Difference Between VAT and GST
One of the major reforms in the Indian Taxation System is the introduction of GST, i.e. Goods and Services Tax. It aims at removing the cascading effect, i.e. double taxation. GST is a tax on value addition, imposed on the production, distribution and consumption of goods and services. It is commonly contrasted with Value Added Tax, shortly known as VAT, which is an indirect tax levied at each stage of manufacture and distribution of goods on the incremental value. The primary difference … [Read more...]
Difference Between Publicity and Public Relations
Public Relations (PR) means professionally handling a positive public image by the company. It is an important element of promotion mix, that helps in maintaining good relations with the public. On the contrary, Publicity is infotainment, i.e. which tends to inform and entertain the general public at the same time. It provides some interesting, juicy, controversial news to the general public, that has the capability of changing their opinion or outlook, about the product or company. While … [Read more...]
Difference Between Classical Conditioning and Operant Conditioning
Learning can be understood as the fairly long-lasting change in the behaviour, arising out of the experience. It is useful for us to adapt ourselves according to the environment. The simplest form of learning is called conditioning, which can be of two kinds, i.e. classical conditioning and operant conditioning. Classical Conditioning is one in which the organism learns something through association, i.e. Conditioned Stimuli and Unconditioned Stimuli. Operant Conditioning is the type of … [Read more...]
Difference Between Positive and Negative Reinforcement
Positive reinforcement is the process that enhances the likelihood of the response, by adding something. On the contrary, negative reinforcement is one that intensifies the probability of response, by removing or reducing something. In psychology, the concept of reinforcement is studied in operant conditioning. Reinforcement means an act in which the experimenter attempts to manage the reinforcer. Reinforcer implies the stimuli that increase the response rate. Reinforcement can be positive or … [Read more...]
Difference Between Line and Line Segment
In elementary-level geometry, the term that every student encounter is "line". It is a long and straight geometric figure that extends in both the directions. It differs from a line segment in that a line segment has a starting and an ending point, due to which the length of the segment is fixed. As you can see in the figure given above, that at both the ends of a line, an arrow is marked, to give an idea that it is infinite. On the contrary, the two ends of the line segment are marked with a … [Read more...]
Difference Between Branch and Subsidiary
One of the common strategies of the firms, to expand their business at the national or international level, is to set up branches, at different places. Branches are a part of the parent organization, which are opened to perform the same business operations as performed by the parent company, to increase their reach. Branches are not exactly same as the subsidiary company. A subsidiary company is a company, whose controlling stake is held by another entity, i.e. the holding company. Both … [Read more...]
Difference Between Branding and Packaging
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...]
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