Both speed post and registered post are postal services provided by India Post, to the general public, wherein the speed post is famous for its time-bound delivery and registered post is known for secured delivery. The fundamental difference between, speed post and registered post is that the former is address specific while the latter is addressee-specific. With the advancement in technology, the world has now become a global village with no 'boundary' word left in the dictionary. As it is … [Read more...]
Difference Between Speed Post and Courier
Speed post is a postal service provided by the nation's postal department, to facilitate time-bound delivery of letters, parcels, documents, and other important stuff. On the other hand, the courier is also an express service, provided by a private company and facilitates timely shipping of consignment and letters. Back in olden days, the only method to connect with our loved ones, friends, relatives and acquaintances, was to send letters, with the use of pigeons, which took days and … [Read more...]
Difference Between Sales and Marketing Executive
The sales executive is the most important link between the company and its clients, who offer products and services to the customers and negotiate contracts, so as increase profits. On the other hand, marketing executives, play a crucial role in every organization who work with other employees, such as market research team, distribution staff, advertising team and so on The marketing executives focus on maximizing profits by creating sales and providing those products to customers that match … [Read more...]
Difference Between Price, Cost and Value
In a commercial transaction, a product or service is exchanged for a price, between the buyer and seller. So, we can say that price is the amount to be paid, in order to get the product or service. There are many people who believe that price, cost and value of a product or service are one and the same thing, but there is nothing like that. Cost is basically the aggregate monetary value of the inputs used in the production of the goods or delivery of services. Conversely, Value of a product … [Read more...]
Difference Between Banker’s Cheque (Pay Order) and Demand Draft
Banker's Cheque or say pay order is an instrument, generally non-negotiable, issued by the bank on behalf of the customer, containing an order to pay a specified sum to the specified person, in the same city. On the other hand, demand draft is a financial instrument, used by people for the purpose of transferring money from one place to another. Whether it is a banker's cheque or a demand draft, the validation period of the two instruments is 3 months, i.e. after the expiry of three months, … [Read more...]
Difference Between Cheque and Demand Draft
The cheque is just like a paper leaf, containing an order to the bank to pay the specified amount to the person whose name is stated on it. However, there is always a risk of dishonour of a cheque due to various reason, for which many entities prefer demand draft instead, as the payment is guaranteed. A demand draft is an instrument issued by the bank in favour of the beneficiary and used for the transfer of money. But, again the person has to visit the bank branch to apply for the demand … [Read more...]
Difference Between Demand and Supply
To understand the market mechanism, one needs to have a good knowledge of demand and supply, as these two forces regulate the entire market. Demand implies the desire for a good, supported by the ability and readiness to pay for it. On the other hand, supply alludes to the total amount of a commodity ready for sale. When demand rises there is a shortage in the supply and when a supply is enough the demand falls short, so there is an inverse relationship between these two elements. Nowadays … [Read more...]
Difference Between Revenue and Profit
A business entity always focuses on increasing revenue, because it is the revenue which decides its fate. In addition to this, the profit of the company also greatly depends on the revenue earned. For earning profits, revenue should always be more than the cost of inputs, or else the firm would not be able to survive in the long run. Revenue is the proceeds which a firm earns from different activities, in a particular period. On the contrary, profit, as we all know, is the surplus of income … [Read more...]
Difference Between EPF and PPF
Provident Fund is an investment fund, wherein specified individuals can make the contribution, and a lump sum amount which includes the principal and interest thereon is paid to the holder, either on maturity or on retirement. EPF or Employees Provident Fund refers to an arrangement whereby a certain percentage of the salary of the employees is deducted every month to contribute it towards the EPF account. On the other hand, PPF or Public Provident Fund is one such scheme for the general … [Read more...]
Difference Between Sales and Marketing
While sales is more of transaction-based, marketing aims at winning and retaining the customers for the long term. These two often share a common goal of increasing the company's revenue but differ in their functions and process. Basically sales imply the exchange of products and services for money or money's worth. On the other hand, marketing is an umbrella term which indicates a set of activities that starts with the market research and ends with consumer satisfaction. The focus of the two … [Read more...]