Business

An executive director is a member of a company’s board of directors who is also an employee of the company. A non-executive director is a member of a company’s board of directors who is not an employee of the company. The main difference between executive and non-executive directors is that executive directors are involved in … Read more

An agenda is a list of activities to be conducted during a meeting, while an itinerary is a plan that details the steps of a journey. An agenda is created prior to a meeting and is distributed to attendees so they know what will be discussed. An itinerary, on the other hand, is created after … Read more

There is often confusion surrounding the differences between Inc. and Ltd. business structures. Inc. is short for incorporated, and Ltd. is short for limited. Both are business structures that offer liability protection to their owners, but there are key distinctions between the two. For example, an Inc. business can have an unlimited number of shareholders, … Read more

A brand is a name, term, design, symbol or any other feature that identifies one seller’s good or service from those of other sellers. A trademark is a type of brand. It is a word, phrase, symbol or design or a combination of these that identify’s a product and distinguishes it from those of other … Read more

Process capability is the ability of a process to produce output within specification limits. Machine capability is the ability of a machine to produce output within specification limits. The difference between process capability and machine capability is that process capability takes into account the entire process, while machine capability only takes into account the performance … Read more