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.

In business functions, Authority and Accountability are the roles, which work hand-in-hand. The ‘authority’ is the right or power assigned to an individual, whereas ‘accountability’ is the ability to handle...

B2B and B2C are e-commerce business strategies. B2B is meant for Business-to-Business, wherein the business transaction takes place between businesses and B2C is meant for Business-to-Consumer, where the...

A supplier is someone who supplies products to the respective authority, while a trader is one who first buys and then sells the product or currency.

The supplier supplies the goods or services, while a distributor resells the product directly to the customer or end-user.