Category: Business

The main difference between Turnover and Revenue is that Turnover relates to the total transaction of a business, and Revenue is the income received from selling products or services. Turnover…

The main difference between the Free Market Economy and the Command Economy is that Free Market Economy is controlled by the private members, whereas the Command Economy is in the…

The main difference between Policy and Procedure is that Policy provides the governing framework within which the institution functions whereas the Procedure is the step-by-step instructions for how to complete…

The main difference between Factory and Industry is that Factory is a building or building complex in which things or products made, and an Industry is a certain field or…

The main difference between Manager and Director is that Manager oversees employees, and the Director is a manager of managers. A manager is someone who manages or overseas employees. It…

The main difference between Gratuity and Pension is that Gratuity is an amount of money that a concern pays to an employee for services delivered in the company, and Pension…

The main difference between Amalgamation and Absorption is that Amalgamation is the legal process, in which two or more companies combine themselves to form a new company and Absorption is…

The main difference between Compensation and Benefits is that Compensation relates to pay or the exchange in monetary terms of the work done by the employee and is paid by…

The main difference between Branch and Subsidiary is that a Branch is not an isolated legal entity, but an expansion of the parental organization whereas, a Subsidiary is a separate…

The main difference between Income and Wealth is that Income is earning money, and Wealth is having money. The quantity of money received periodically, in replace for the goods or…

The main difference between Equity and Share is that Equity is money capitalized by owners in the business, and Shares are the division of capital or equity. Equity is the…

The main difference between franchising and licensing is that franchising is generally related to the service business, whereas licensing is normally associated with the production and marketing of goods. Franchising…

The main difference between Revenue Reserve and Capital Reserve is that Revenue Reserve refers to the sum of money retained in the business, to meet future contingencies. Capital Reserve refers…

The main difference between vision and mission is that Vision declares tomorrow’s status of the company on the flip side Mission is organized to achieve the visionary status of the…

The main difference between Group and Team is that Group is gathering of people who coordinate their efforts for a common goal whereas Team is a group of people who…

The main difference between Money Order and Bank Draft is that a Money Order is a payment order for a pre-determined amount of money, and a Bank Draft is a…

The main difference between the Single Entry System and Double Entry System is that Single Entry System register a procedure with a single input and only keeps one side of…

The main difference between Supplier and Distributor is that Supplier is a company, organization or individual that provides its services to the consumer by distributor whereas Distributor is intermediate between…

The main difference between Product and Brand is that Product is a thing or an item ready for sale in the market, and Brand differentiates a product from other products….

The main difference between Cardinal Utility and Ordinal Utility is that Cardinal utility gives a value of utility to different options and Ordinal utility ranks in terms of preference. Cardinal…

The main difference between Debt and Equity is that Debt involves borrowing a fixed sum from a moneylender, which is then paid back with interest and Equity is the sale…

The main difference between HRM and SHRM is that HRM expands to Human Resource Management; it asserts the implementation of management principles for managing the workforce of an organization, and…

The main difference between Businessman and Entrepreneur is that a Businessman is a person who runs the business, undertaking an unoriginal business idea. And, an Entrepreneur is someone who first…

The main difference between Wholesaler and Distributor is that Wholesaler is an entrepreneur, who buys goods in large quantities and sell it in smaller ones, and Distributor is the vendor…

The main difference between Salary and Stipend is that Salary paid to an employee who is on the payrolls of a company and Stipend is a form of salary, such…

The main difference between Forecasting and Planning is that Forecasting, is a prediction or projection about a future event, depending on the past and present performance and trend and planning…

The main difference between Members and Shareholders is that a person whose name entered in the register of members of a company turns into a Member of that company and…

The main difference between marinara and tomato sauce is that marinara is a quick sauce and tomato sauce is a complex sauce. Marinara sauce is a quick sauce which is…

The main difference between Advertising and Publicity is that Advertising is marketing along with a promotional tool in the hands of the company which imparts a message about the company…

The main difference between Journal and Ledger is that the Journal is a subsidiary day book, where monetary transactions are recorded for the first time, whenever they arise, and Ledger…