Job vs. Career

The main difference between Job and Career is that Job is a position of regular employment, that paid, and Career implies progress of an individual in a particular profession or a company. Job is an activity through which an individual can earn money. It is a regular activity in exchange for payment. A career in […]

IRR vs. MIRR

The main difference between IRR and MIRR is that IRR (The internal rate of return) is an interest rate whenever NPV is equal to zero and MIRR (Modified internal rate of return) is the rate of return whenever NPV of terminal inflows is equal to the outflow. The internal rate of return (IRR) metrics is […]

Structured Interview vs. Unstructured Interview

The main difference between a structured interview and the unstructured interview is that a structured interview is where all the questions prepared from beforehand and an unstructured interview is an interview which does not pursue any specific format or style of questions. A structured interview is a kind of interview in which the inquirer asks […]

Responsibility vs. Accountability

The main difference between Responsibility and Accountability is that in Responsibility, a person does what he/she is asked to do and in Accountability, a person agrees to do, what he/she is supposed to do. Responsibility is task-oriented. Every individual on a team may be responsible for a given task that is required to complete a […]

Domestic Marketing vs. International Marketing

The main difference between Domestic Marketing and International Marketing is that Domestic marketing relates with only a single market while International Marketing relates to several different countries and markets. Domestic marketing is the creation or production, promotion, distribution, and sale of products and services in a local market whereas the international market is the creation […]

Domestic Business vs. International Business

The main difference between Domestic Business and International Business is that Domestic Business is the trade which takes place within the geographical boundaries of the country, whereas International Business is the trade which occurs between two countries internationally. Domestic business defined with the view of areal limits in mind; international business is not limited and […]

Formal Organization vs. Informal Organization

The main difference between Formal Organization and Informal Organization is that Formal Organization is an organization in which job of each member clearly defined, whose authority, responsibility and accountability fixed, and Informal Organization is formed within the formal organization as a network of the interpersonal relationship when people interact with each other. The formal organization […]

Manufacturing vs. Production

The main difference between manufacturing and production is that Manufacturing is a process of transforming raw material into a finished product by using many processes and Production is a process of converting inputs into outputs. When the raw material is used as an inlet to produce goods with the use of machinery is known as […]

HRM vs. HRD

The main difference between HRM and HRD is that HRM (Human Resource Management) relates to all aspects of the human resources function and HRD (Human Resource Development) only relates to the development part. HRM refers to how the principles of management can be applied to effectively manage the employees working in an organization and HRD […]

Revenue vs. Profit vs. Income

The main difference between Revenue, Profit and Income is that Revenue only deems the amount of income a business originates through the sale of its goods or services whereas profit is the figure of income that remains after all expenses, costs and taxes accounted for, and income refers to net profit, i.e., what remains after. […]

Demand vs. Supply

The main difference between Demand and Supply is that Demand refers to how much buyers and Supply (quantity of a product or service) represents how much the market can offer. The balance between the price and the quantity demanded of a product or the commodity at a certain period is called demand. To the contrary, […]

Formal Letter vs. Informal Letter

The main difference between the formal letter and an informal letter is that formal letters written for official or professional conversation. On the other hand, informal letters used for casual or personal conversation. A formal letter is written for professional (official and business) conversation while the informal letter used for personal communication. A formal letter […]

Blue Collar vs. White Collar

The main difference between blue collar and white collar is that blue-collar worker, whose job requires manual labor and White-collar work performed in an office or other administrative settings. The term Blue Collar referred for the people of the working class, who perform manual labor for a firm and get paid salary on an hourly […]

Customer vs. Client

The main difference between a customer and client is that a customer is the one who buys material goods and services from any business or stores whereas, a client is the one who only receives official and professional services. Customers are mainly the people who intend to buy the products or services which a company […]

Internal Stakeholders vs. External Stakeholders

The main difference between internal stakeholders and external stakeholders are Internal stakeholders refer to the individuals and parties, within the organization and external stakeholders represent outside parties, which affect or get affected by, the business activities. Internal stakeholders are people who are already devoted to serving your organization as board members, staff, volunteers, and donors. […]

Formal Writing vs. Informal Writing

The main difference between formal writing and informal writing is that we use formal writing for professional and academic purposes whereas, we use informal writing for un-professional and private purposes. There are two main styles of writing in English. These are, formal and informal. These two specific styles are distinguished to classify the writing accurately […]

Systematic Risk vs. Unsystematic Risk

The main difference between systematic risk and unsystematic risk is that systematic risk is the probability of a loss associated with the entire market or the segment whereas the unsystematic risk is associated with a specific industry, segment or security. Systematic risk is a consequence of external and uncontrollable variables, which are not business or […]

Shareholders vs. Stakeholders

The main difference between shareholder and stakeholder is that shareholder owns part of a public company through shares of stock, while a stakeholder has an interest in the performance of a company for reasons other than stock performance or appreciation. Shareholders are ever stakeholders in a corporation, but stakeholders are not always shareholders. A shareholder […]

Population vs. Sample

The main difference between population and sample is that a population includes all of the elements from a set of data and a sample consists of one or more observations drawn from the population. Population implies a large group consisting of elements having at least one common feature. The term sample, which is nothing but […]

Trade vs. Commerce

The main difference between trade and commerce is that trade is the exchange of goods and services among two or more parties in consideration of money or money’s worth and commerce is the dealing of goods and services among the parties along with the activities such as insurance, shipment, warehousing, advertising, etc. that completes that […]

Invoice vs. Receipt

The main difference between invoice and receipt is that the invoice issued before the payment and the receipt issued after the payment. An invoice is a request for amount while a receipt as proof of amount. Customers who get an invoice will also get a receipt when they pay. Invoice is issued before the payment, […]

Creativity vs. Innovation

The main difference between creativity and innovation is that creativity is thinking of something new and innovation is the implement of something new. Creativity is the feature of a person to generate new ideas, alternatives, solutions, and possibilities uniquely and differently. Innovation is an act of petition of new ideas to which creates some value […]

Internal Communication vs. External Communication

The main difference between internal communication and external communication is that internal communication is when the members of an organization, exchange ideas within the organization while external communication occurs outside the organization with other people or business entities. The goal of internal communication is to exchange information or ideas between the members of a particular […]

Normal Goods vs. Inferior Goods

The main difference between normal goods and inferior goods is that normal goods are goods whose demand rise when consumer’s income rise and inferior goods are goods whose demand decline when consumer’s income rise. Normal goods are goods whose demand increases with an increase in consumers’ income. Inferior goods are goods whose demand decreases when […]

Import vs. Export

The main difference between import and export is that import refers to the purchase of the goods and services from other countries to the homeland while the export refers to selling goods and services from the home country to other countries. Import is that formation of trade in which goods are acquired by a domestic […]

Customer vs. Consumer

The main difference between customer and consumer is that a customer purchases goods while a consumer uses or consumes goods. The customer, which refers to a person who buys the goods and pays the expense for it whereas the consumer is the one who expend the goods, i.e., the user of the goods. A customer […]

Aim vs. Objective

The main difference between aim and objective is that aim is what you hope to attain, and the objective is the action you will take to attain the aim. Aims are concerned with motive whereas objectives are concerned with achievement. Aims are as broad common statements; Objectives are usually more specific statements. The aim is […]

International vs. Multinational

The difference between International vs Multinational is that an international company do not have any investment outside the country whereas multinational company has investments in other countries. International and multinational are different terms. An international company is a company that has a group of people from different countries and is not a profit-making organisation whereas […]

Decriminalization vs. Legalization

The difference between legalization and decriminalization is that legalization means that a law or a product that was previously not allowed or prohibited is no more restricted. On the other hand, decriminalization means that there would be no certain charge on a certain act but still would be considered as an illegal act. Legalization and […]