This article will help you to learn about the difference between marketing and selling. Difference between Marketing and Selling Marketing 1. Focus: On the needs of the buyer. 2. Existence of Demand: Demand for goods and services is to be created. 3. Aims: At the goal achievement through customers satisfaction. 4. Needs: Lays more emphasis on the needs of the [...]
Read this article to learn about the difference between Formal and Informal Organistion. # Formal Organisation: 1. Purpose: A formal organisation is created for the fulfilment of technical objective. 2. Degree of Rigidity: It follows predetermined rules as to lines of authority and responsibility. 3. Flow of Authority: Under formal organisation, formal authority is from upward to downward. 4. Size: [...]
This article will help you to learn about the difference between the Instalment system and the Hire purchase system. Difference between Instalment System and Hire Purchase System Hire Purchase System 1. Ownership: The ownership lies with the seller until the last instalment is paid by the buyer. 2. Rights of Seller: If the buyer fails to make the payment in [...]