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 commodity and stock exchange. Difference between Commodity Exchange and Stock Exchange 1. Commodities Dealt in: Commodity exchanges provide facilities for the purchase and sale of agricultural goods, minerals as well as manufactured goods. Stock exchange, are on the other hand, to assist the purchase and sale of securities. 2. [...]
This article will help you to learn about the difference between wholesaler and retailer. Difference between Wholesaler and Retailer Wholesaler 1. Purchase and Sale: Wholesaler purchases goods from the producers and sells to the retailers. 2. Quantity: Wholesaler purchases goods in large quantities. 3. Link: Wholesaler is the link between producers and retailers. 4. Specialisation: Wholesaler deals in specific goods. [...]