Discounts make people aware of the product, so that they may buy it and help increase the sales and/or popularity of the product. The price off and price discount refer to the same phenomenon, where the seller...

Sales Promotion helps create hype for the product. It is something that is done to make people aware of something and increase its sales or popularity. Discounts and allowances are reductions to a basic price...

The key difference between the two is that, the term ‘price’ is defined as the amount that the customers pay for a product, whereas the term ‘cost’ is defined as the amount spent by a business in making a...

Authority and Responsibility are two sides of the same coin. The term ‘authority’ stands for power or rights assigned to an individual to make decisions, whereas ‘responsibility’ is a duty to maintain and...

The terms ‘authority’ and ‘power’ complement each-other. Authority is a legal ability and authorization to exercise power, while ‘Power’ is the ability to control over the authority.