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 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. [...]
This article will help you to learn about the difference between domestic trade and foreign trade. Difference between Domestic Trade and Foreign Trade Home or Domestic or Internal Trade 1. Meaning: Purchase and sale of goods within a country is known as internal or home trade. 2. Different Currencies: Home or domestic trade involves the use of only one currency, [...]