NPV or otherwise known as Net Present Value method, reckons the present value of the flow of cash, of an investment project, that uses the cost of capital as a discounting rate. On the other hand, IRR, i.e. internal rate of return is a rate of interest which matches present value of future cash flows with the initial capital outflow. In the lifespan of every company, there comes a situation of a dilemma, where it has to make a choice between different projects. NPV and IRR are the two most … [Read more...]
Difference Between Job Enlargement and Job Enrichment
Once job analysis is completed, it is followed by job design which involves continuous eforts in organizing activities or tasks, duties and responsibilities into work unit, to achieve the objectives. There are five approaches to job design, which are job rotation, job engineering, job enlargement, job enrichment, and socio-technical system. Two of these approaches which are most commonly juxtaposed are job enlargement and job enrichment. The former refers to the increase in the number of tasks … [Read more...]
Difference Between Book Value and Market Value
Book value of an asset denotes its accounting value, which is nothing but the historical cost less accumulated depreciation/amortization. Market value of an asset represents the actual market price of the asset, that is traded in the market place. It can also be understood as the actual worth of the firm relating to other firms in the marketplace. Book Value, as the name signifies, is the value of the commercial instrument or asset, as entered in the financial books of the firm. On the other … [Read more...]
Difference Between Management and Administration
Simply put, management can be understood as the skill of getting the work done from others. It is not exactly same as administration, which alludes to a process of effectively administering the entire organization. The most important point that differs management from the administration is that the former is concerned with directing or guiding the operations of the organization, whereas the latter stresses on laying down the policies and establishing the objectives of the … [Read more...]
Difference Between Recession and Depression
Economic Cycle implies the economy-wide ups and downs in the economic activity, like savings, investment, income and employment over a certain period. There are several stages of the economic cycle, namely, boom/inflation, slowdown, recession, depression, and recovery. As recession and depression both refer to the period of credit crunch experienced by the economy, people often juxtapose recession for depression, but these are two different phases. Recession signifies a decline in the real … [Read more...]
Difference Between Capitalism and Socialism
Socialism Vs. Capitalism is one of the highly debated topics in group discussion. These are two economic systems which are prevalent in or adopted by different countries of the world. Capitalism is the ancient political system, whose origin dates back to 1400 AD in Europe. On the contrary, Socialism, which is evolved from 1800 AD and its place of origin is France. A capitalist economy is featured with the free market and less government intervention in the economy, wherein top most priority … [Read more...]
Difference Between Personal Selling and Sales Promotion
Promotion is defined as the range of activities that communicate the benefits of the product to the potential buyers, so as to attract and instigate them to buy it. It includes activities like direct marketing, sales promotion, personal selling, advertising and public relation. All of these are considered as a sales push strategy. Personal Selling is described as a promotional tool whereby a sales representative, presents the product before the potential customers and informs them about its … [Read more...]
Difference Between Supply Chain and Value Chain
Supply Chain refers to the integration of all activities involved in the process of sourcing, procurement, conversion and logistics. On the other hand, value chain implies the series of business operations in which utility is added to the goods and services offered by the firm so as to enhance customer value. Supply Chain is the interconnection of all the functions that starts from the manufacturing of raw material into the finished product and ends when the product reaches the final … [Read more...]
Difference Between Advertising and Promotion
Marketing mix implies combinations of various elements that help the company in attracting customers, to buy the products offered by the company. It includes product, price, place, and promotion. Promotion is a marketing mechanism, that involves informing the customers about the product offered by the company, and includes advertising, public relation, personal selling, direct marketing, etc. Most of the people are having the opinion that promotion and advertising are one, and the same thing … [Read more...]
Difference Between Fixed Charge and Floating Charge
Charge refers to the collateral, given for securing the debt, by way of mortgage on the company's assets. There are two kinds of charge, fixed charge, and floating charge. The former is a charge on the real asset of the company that is identifiable and ascertained when the charge is created. Conversely, the latter is slightly different, which is created over the the assets circulatory in nature, i.e. the charge is not attached to any definite property. Companies borrow funds from banks, … [Read more...]
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