According to the Oxford Dictionary, the term ‘profession’ refers to an occupation that entails the application of ‘professed’ knowledge of some field, subject or science. Thus, two points are critical …

The Business category page is a hub for all things related to business. It is a central location for information on various topics, including entrepreneurship, finance, management, marketing, and more. This page is a valuable resource for anyone looking to start, grow, or manage a business, whether they are experienced professionals or just starting.
According to the Oxford Dictionary, the term ‘profession’ refers to an occupation that entails the application of ‘professed’ knowledge of some field, subject or science. Thus, two points are critical …
Free trade promotes open markets with minimal government interference, allowing for the free flow of goods and services across borders. Fair trade, on the other hand, emphasizes equitable practices, ensuring …
An organization or company is a set of people who are organized and set on their ideas for development towards the country, like the government. Like every other institute, organizations …
Also known as capitalisation issues or scrip issues, Bonus shares refer to offering additional shares to a company’s extant shareholders based on the stocks they already own. It differs from …
Vertical marketing systems involve collaboration between different levels of the distribution channel (manufacturer, wholesaler, retailer) to achieve common goals, such as coordinated production and distribution. Horizontal marketing systems, on the …
Walmart is a retail giant known for its wide selection of products at affordable prices, catering to various needs. The Walmart Supercenter, an expansion of the standard Walmart store, offers …
Sales focuses on persuading customers to purchase products or services, emphasizing features and benefits to drive transactions. Service, on the other hand, prioritizes addressing customer needs post-purchase, ensuring satisfaction, resolving …
Investment is one of the crucial things that a start-up requires to take off and continue to be relevant in the market. Fortunately, the market has a vast range of …
Generally, companies tend to have four options for structuring a divestiture. Split-off is one of them (the other three being split-ups, carve-outs, and spin-offs). What distinguishes it from other divestiture …
Various corporate actions, like acquisitions, mergers, buybacks, bonus shares, and the like, tend to influence market operations by bringing in drastic changes in the market shares. Therefore, market participants and …
With more and more people availing of Internet services, companies and business owners are introducing their products and services to the digital space to reach the broadest range of audiences.Accordingly, …
Marketing is an essential component of any business model. Without marketing, the manufacturer of a product cannot reach his target audience. Interestingly, marketing as a business activity has undergone a …
The production makes or manufactures different products consumers require with the available raw materials. The raw materials can also be purchased and are done so in bulk quantities. Since the …
A business, by definition, is a profitable or non-profitable company or organization that is engaged in many enterprises or professional activities. In business, many terms and conditions are not understood …
Domestic marketing caters to a much smaller domain with lesser customers. International marketing caters to several global markets with a much larger customer base. This seminal territorial difference in the …
Amazon’s two distinct parts are working as one entity: Amazon.com and Amazon Marketplace, which few people notice while shopping. Amazon Retail and Amazon Marketplace as a manufacturer, wholesaler, distributor, brand, …
The business’s success depends on branding, company structure, sales, product suppliers, and marketing strategies. A company is a commercial business formed by a group of people. Conversely, a vendor is …
E-commerce has gained a lot of popularity in recent years. It has increased the shopping experience for customers as people have a wide range of options to choose from according …
Often one may get confused between ESP and LTD. Why is that so? Both being guitar company that was initially part of the same company can be quite hard to …
Job enlargement refers to increasing an employee’s tasks, responsibilities, and overall workload in the same job position. This may be done to increase job satisfaction and productivity or even to …
During the institution of a business group, the first decision is to choose between different business models. The two most common models are Ltd and Inc. Inc vs. Ltd Inc …
In business, mergers and acquisitions are two of the most confusing and misunderstood words. The two words are used in place of one another, although they differ in meaning. The …
The public and private sectors determine a country’s economy; both are equally important to maintain the balance of the economy. The GDP of the country is the reflection of economic …
An association or a legal entity formed by a group of individuals to start and manage a business is termed a Company. The corporate laws of its jurisdiction organize a …
It is easy to get wired up about searching for the differences between LTD and LLC, and with the similarities in their names, one ends up even more bewildered. However, …
There are various terminologies related to the marine industry that the mariners or people from the same industry understand. But common people are unaware of knowing the meaning of such …
In department stores, when consumers directly buy goods and take them home, they aren’t required to give any address for the transaction. However, when it comes to online shopping, i.e., …
People love to buy things when they are sold at substantial discount rates. Many brands try to promote their business by having a sale and seeking the majority of their …
Daily, we seldom come across terms like CEO and Owner in the context of jobs and employment. These two terms are used interchangeably, but they imply different meanings altogether. CEO …
Franchising is licensing proprietary information, such as trademarks, business names, logos, etc., to a third party. This is a preferred method to establish business and enter highly competitive markets. It …
Internal and external recruitment are two ways to recruit employees in an organization. Internal recruitment is the process of hiring people from within the organization. The management is already aware …
Objective and policies are two terms that are mistaken in their usage. The fine line of difference is that an objective is an aim or the target that the organization …
OTC (over-the-counter) market and exchange are the terms that are used in the secondary market where issued securities and financial instruments are traded. Exchange is an intricate network where there …
Politics and Economics are two different terms with different meanings and purposes in a social system. Politics vs. Economics The difference between Politics and Economics is that the former is …
Pressure Groups and Trade Unions are associations of people who work towards a particular goal or have some common intention. Pressure Group vs. Trade Union The difference between Pressure Groups …
Social Media Marketing (SMM) promotes your content on various social media platforms, including Facebook, Tumblr, Twitter, Instagram, Snapchat, YouTube, etc. It is a step taken after Social Media Optimization is …
Spin-off and reboot are different terms used to distinguish the genre of films and series. Spin-Off vs Reboot The difference between a spin-off and a reboot is that a spin-off …
Divestiture uses several methods and options like spin-offs, split-offs, split-ups, and carve-outs so that parent companies can efficiently divest to manage their portfolio strategy which would in turn help achieve …
Spinoff and IPO are two different share market terms. Companies try both methods to gain more in stocks. Spin-Off vs IPO The difference between a spinoff and an IPO is …
The terms “Statutory meeting” and “Extraordinary General Meeting” are both related to meetings held by company shareholders. Statutory Meeting vs Extraordinary General Meeting The difference between a statutory meeting and …
Any product or service can only be considered successful when they sell well in its comparative market. For this reason, marketing is an inseparable part of every business. However, the …
It is an undeniable fact that companies may face some challenges in their business. The challenges could be related to cash, debts or making less profit. Two such procedures are …
A Financial instrument is a document that can be real or virtual. It represents a legal agreement that involves any monetary value. All forms of assets, such as currencies, bonds, …
Banks play a significant role in our life. The person who earns will have a bank account. The banks serve as financial institutions that would help people acquire money and …
As the word suggests, Marine Insurance protects against damages caused during transit via the sea. It has various subtypes and provides for any losses incurred during the journey until the …
Two ways to finance a business are private equity and private debt. Choosing what is best for you varies on personal requirements. Private Debt vs Private Equity The difference between …
There are different ways of doing marketing. Digital marketing and network marketing are two other tools of marketing. Digital Marketing vs Network Marketing Digital marketing involves promoting products or brands …
Economic growth refers to the increase in a country’s output of goods and services over time, often measured by GDP growth. Economic development, on the other hand, encompasses broader improvements …
Profession refers to an individual’s chosen occupation or vocation, often aligned with their education, skills, and personal interests. Employment, on the other hand, specifically denotes the act of being engaged …
Products are tangible items with physical attributes that customers can purchase and own. Services, on the other hand, are intangible offerings characterized by actions, expertise, or experiences provided to customers. …
Product Layout involves arranging equipment and workstations in a linear fashion to optimize the production of a specific product, enhancing efficiency and reducing material handling. On the other hand, Process …
Production Concept emphasizes maximizing efficiency and minimizing costs by focusing on mass production. In contrast, Selling Concept centers around aggressive sales and promotional efforts to convince customers to buy existing …
Social media involves the use of platforms like Facebook, Twitter, and Instagram for brand promotion, emphasizing direct engagement with a broader audience. In contrast, influencer marketing leverages individuals with significant …
Upselling involves encouraging customers to purchase a more expensive version of the product or add premium features to their current selection. Cross-selling, on the other hand, suggests complementary products or …
Management involves planning, organizing, and coordinating resources to achieve organizational goals, focusing on strategic decision-making. Operations, on the other hand, deal with the day-to-day activities and processes necessary for the …
An entrepreneur is an individual who establishes and operates their own business, taking on financial risks in pursuit of profit and innovation. Conversely, an intrapreneur is someone who exhibits entrepreneurial …
Home insurance provides coverage for various perils such as fire damage, but fire insurance specifically focuses on protection against fire-related risks. While home insurance offers broader coverage for a range …
GST (Goods and Services Tax) is a comprehensive indirect tax levied on the supply of goods and services in India. GSTIN (Goods and Services Tax Identification Number) is a unique …
GST (Goods and Services Tax) is a comprehensive indirect tax levied on the supply of goods and services within a country. IGST (Integrated Goods and Services Tax) is a component …
The internal environment of an organization encompasses its internal resources, such as employees, culture, and infrastructure, influencing its operations and performance. On the other hand, the external environment involves factors …
Digital marketing leverages online platforms and tools such as social media, email, and search engines to reach and engage target audiences, offering precise targeting, real-time analytics, and cost-effective campaigns. In …
Digital marketing encompasses a broad range of strategies and channels to promote products or services online, including search engine optimization (SEO), social media marketing, email marketing, content marketing, and more. …
A demerger involves splitting a company into separate entities, often to unlock shareholder value or streamline operations, while a spin-off entails creating a new independent company from an existing division …
Cost Centre refers to a specific department, division, or segment within a business where costs are incurred and monitored for management purposes. It helps in tracking expenses and allocating resources …
ATL marketing which means Above Line Marketing, is a type of marketing that has a comprehensive approach and is mainly unfocused. This term means the exposure will be installed around …
Annual General Meeting (AGM): A mandatory yearly gathering of shareholders and stakeholders where financial reports are presented, board members are elected, and major decisions about the company’s direction are discussed. …
Amalgamation involves the merging of two or more companies into one entity, consolidating their assets, liabilities, and operations. Demerger, on the other hand, entails the separation of a company into …
Brand identity refers to the visual, auditory, and conceptual elements that distinguish a brand from its competitors, encompassing its logo, color palette, typography, and tone of voice. On the other …
Brand image refers to the perception of a brand’s identity and visual representation in the minds of consumers, shaped by marketing efforts and visual elements. Brand reputation, on the other …
Accounting profit represents the net income calculated by subtracting expenses from revenue according to accrual accounting principles, which may include non-cash items. Cash flow, however, reflects the actual movement of …
Social media marketing focuses on utilizing platforms like Facebook, Instagram, and Twitter to engage with audiences through posts, ads, and interactions, fostering brand awareness and customer relationships. Content marketing, on …
Both digital marketing and SEO are considered to be processes through which the reach of a particular website and products and services can be increased. In other words, both of …
Private equity refers to the investment approach of purchasing equity stakes in companies not publicly traded, with the aim of restructuring, improving operations, and ultimately selling for a profit. A …
The “bid” and “ask” refer to the prices at which buyers are willing to purchase a security and sellers are willing to sell it, respectively, in financial markets like stocks …
Celibacy refers to the voluntary decision to abstain from sexual activity for various reasons, religious or spiritual, and may encompass broader lifestyle choices beyond just refraining from sexual intercourse. Abstinence, …
Investing involves deploying capital into assets with the expectation of generating returns over time through fundamental analysis, strategic planning, and a focus on long-term growth or income. Speculating, however, entails …
Public sector refers to government-owned and operated organizations, playing a central role in providing essential services and infrastructure. Joint sector, on the other hand, involves collaboration between the government and …
Public sector organizations are government-owned and funded entities, serving public interests and delivering essential services. Public limited companies, on the other hand, are privately owned businesses with shares traded on …
Private equity involves investing in established companies, with a focus on restructuring or growth, while venture capital funds early-stage startups with high growth potential. Private equity deals with mature businesses, …
Public sector refers to government-owned and operated organizations, serving public interest. Organized sector includes privately owned businesses following regulated practices, contributing to the formal economy. Distinctions lie in ownership, management, …
Short-term assets, such as cash and accounts receivable, are held for immediate use or conversion within a year. In contrast, long-term assets, like property and investments, are intended for sustained …
GST (Goods and Services Tax) is a consumption-based indirect tax levied on goods and services, aiming to replace multiple taxes. Income tax is a direct tax imposed on individuals and …
When it comes to the stock market, there are multiple ways to add your money to the stocks. Trading and investing are the two significant ways by which you can add …
S Corps are pass-through entities, meaning they avoid double taxation, while C Corps face double taxation with profits taxed at both corporate and shareholder levels. S Corps have restrictions on …
Leadership is the art of inspiring and guiding individuals towards a common vision, fostering innovation, and empowering teams to reach their full potential. Management, on the other hand, focuses on …
Vision: A succinct statement of an organization’s future aspirations or desired state. Mission: A concise declaration of an organization’s purpose, outlining its activities and the impact it seeks to make. …
The success of an organization is attributed to marketing and advertising. Production and distribution of a product largely depend on both sales strategies. Spending 7 to 8 per cent of …
The CEO (Chief Executive Officer) holds the highest position in a company, responsible for setting strategic direction and overseeing all aspects of operations. They focus on long-term vision, growth strategies, …
A questionnaire is a written set of questions designed to gather information from individuals, allowing them to respond in their own words and at their own pace. In contrast, a …
Accounting profit represents the explicit monetary gains from business activities, considering only explicit costs like expenses and revenue. Economic profit, however, factors in implicit costs such as opportunity costs and …
A boss often dictates orders, focusing on authority and control. In contrast, a leader inspires and guides, fostering collaboration and growth within their team. While a boss demands compliance, a …
Foreign trade involves the exchange of goods and services between countries, fostering economic relationships through imports and exports. On the other hand, foreign investment entails the deployment of capital across …
Business strategy focuses on how a company competes within a specific industry, determining its competitive advantage, target market, and value proposition. Corporate strategy, on the other hand, is concerned with …
A cost center is a business unit that is responsible for incurring expenses without directly generating revenue, while a profit center is a unit that both incurs costs and directly …
BSE (Bombay Stock Exchange) is the oldest stock exchange in Asia, established in 1875, and is located in Mumbai, India. NSE (National Stock Exchange) is a newer exchange founded in …
Competitive Advantage refers to a company’s unique strengths that set it apart from competitors, enabling it to outperform in the market. Core Competence, on the other hand, signifies the specific …
Compensation refers to the financial rewards an employee receives for their work, including wages, salaries, bonuses, and commissions. Benefits, on the other hand, encompass non-financial perks provided by employers, such …
Consumer goods are directly used by consumers and have no future productive use (e.g., food, clothing), while capital goods are used in production processes for creating other goods (e.g., machinery, …
An industry refers to a group of companies or businesses that produce similar goods or services. At the same time, a market represents the demand and supply for those goods …
Assessment refers to the process of collecting data and information to measure the performance, progress, or characteristics of individuals, programs, or systems. Evaluation, on the other hand, is a broader …
A bill of exchange is a negotiable instrument used in trade transactions that orders one party to pay a specified sum of money to another party at a predetermined future …
A bin card is a document that records the quantity of goods received, issued, and the balance in stock at a specific location (bin). At the same time, a stores …
A mortgage is a legal agreement that provides a lender with a security interest in a property as collateral for a loan. In contrast, a charge is a similar type …
Accounting profit is the financial profit reported by a company in its financial statements, calculated by subtracting expenses from revenues, and it may differ from taxable profit due to variations …
Management involves planning, organizing, and overseeing the activities and resources of an organization to achieve specific goals and objectives. It focuses on decision-making, leadership, and strategic direction. On the other …
A spin-off involves creating a new, independent company from an existing business unit, through distribution of shares to existing shareholders. Conversely, a split-off occurs when a parent company divests a …
PERT (Program Evaluation and Review Technique) is a probabilistic method in project management that utilizes three time estimates to calculate the expected duration of activities and overall project completion time, …
What is Full Service Broker? A full-service broker is a financial intermediary that offers a comprehensive range of services to clients who seek personalized investment choices, research and assistance in …
What are Futures? Futures contracts are financial derivatives that enable parties to speculate on or hedge against the future price of an underlying asset, such as commodities. Stock or financial …