Author: Termscompared

Savings account vs fixed deposit account

Just as every business operates to earn profits, every individual works to earn money. Money today is minimally maintained in physical form of actual cash but is actually maintained digitally in bank accounts. Banks provide a...

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Compensation vs benefits

Compensation and benefits are two critical elements of human resource management. They are both part of the remuneration package provided to employees in return for the services they provide to the organization. They serve as...

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Savings account vs current account

In a world of increasing digital payments, it has become necessary for every individual and every entity to have a bank account. A bank account is essentially an arrangement between a bank and its customer whereby the customer...

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Proactive strategies vs reactive strategies

Proactive and reactive strategies are two strategies that are extensively used by various organizations. Both these strategies are necessary for the success of a business in the long run. Proactive strategies are essentially...

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Internal vs external sources of finance

Every business requires finances at every stage of its operations. Right from the start up stage to day to day operations to funding expansions, finances are required at each stage. Businesses have several sources from which...

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