Author: Terms compared staff

Sales vs cost of goods sold

Determining profitability accurately is essential for any business to gauge its financial performance. Selling is an important function of any business entity whose core goal is profit maximization. Apart from maximizing sales,...

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Forecasting vs planning

Forecasting and planning are two critical managerial functions and are also relevant for many other functions in the organization. Forecasting essentially refers to making projections or predictions regarding a future event,...

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