Author: Termscompared

Cheque vs demand draft

Every business involves exchange of money. This infact is the core of any business as businesses operate to earn money. As businesses grow in size, large value cash transactions become both cumbersome as well as restricted by...

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Policies vs procedures

It is important for organizations to function in a systematic manner so as to obtain their goals and objectives. An organization that does not follow a system is unable to accomplish its goals, which is why it is so important...

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Wholesale sales vs retail sales

Most medium to large scale manufacturing and trading businesses engage a chain of distribution for the sale of their goods. This chain begins from the production factory and ends with sale of goods to the end consumer....

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Supply chain vs value chain

Supply chain and value chain are two processes that are critical for a company in ensuring that good quality products are delivered to customers at a low cost in a well-timed manner. There are various well-integrated procedures...

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Simple average vs weighted average

Data analysis is an important aspect of several functions such as economics, accounting, management and finance. Data analysis employs several tools – statistical and mathematical tools being one of them. Averages is one...

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