BUSINESS 

The product line is the subset of the product mix. There are various product lines in a company but only one Product Mix.

Goods can be kept in stock for future sales, inventory of goods is possible. Services cannot be kept in stock, inventory of services is not possible. Goods are produced. Services are performed.

The employees of the organised sector cannot be forced to leave the job without any strong reason. The workers in the unorganised sector can be asked to leave the job without any reason.

Monetary rewards are the incentives which involve direct money to the employees. Non-Monetary rewards are the incentives which do not involve direct money to the employees.

The wages are given to the people who are involved in manufacturing activities, technical, manual and physical activities. The salaries are given to the people who are involved in administrative work like office jobs, etc.

Employee Training Programmes are mainly designed for technical employees in the organization. Employee Development programs mainly designed for higher level executives………..

Warranty is given only to the products offered for sale by the seller. The guarantee is given on both products and services offered by the seller. the difference between warranty and guarantee is…

Advertising is a long-term strategy used by the organization to increase the brand reputation of the company. Publicity is a short-term strategy for achieving the very short or immediate goals.

The capital company is divided into units of equal value, These units are called as ‘Shares’. Debenture holders are literally called as “Creditors” to the company….

A Partnership is a relationship between two or more persons who have agreed to share the profits of a business. A company is defined easily as an association of two or more persons which is formed for doing business collectively…..