Author: Termscompared

Third party vs related party transactions

Business transactions are at the very core of the operations of any business. Every business undertakes exchange of goods, services or money at all stages of its operations. The fundamental aspect of a business transaction is...

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Purchase order vs sales order

Purchase order and sales order are two kinds of contracts that are established between buyers and sellers. These financial contracts have distinct objectives. Purchase order refers to a written document that is sent by the buyer...

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Product marketing vs services marketing

In today’s competitive business environment, a wide variety of products is available in the market. Companies face problems in making place for a new product that is not known to the target audience. This is where...

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Entrepreneurship vs small business

Often, the terms small business and entrepreneurship are used by individuals interchangeably when referring to a business that is seeking to accomplish specified goals with very few resources. Though this is true, this is...

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Career planning vs succession planning

Career planning is a process carried out by individuals to examine their interests, skills and capabilities and systematically plan their career goals for the long-term. On the other hand, succession planning refers to the...

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