Vector graphics usually are easily modified within the creating application and generally are not affected detrimentally by scaling (enlarging or reducing their size). Because vector elements are mathematically-defined, scaling simply requires modification of their mathematical locations. However, vector files do not support photographic imagery well and often can be problematic for cross-platform exchange. Vector graphics typically are saved as EPS format.
This makes vector graphics ideal for printing, promotional items, screen printing, embroidery and signage. Creating a vector logo is more difficult but the effort pays for itself when the vector logo file is sent to printers or sign makers etc. The vector logo can be scaled up or down with out losing quality and would enable smooth transition between various media.
Raster Graphic Images are produced by digital image capture devices: digital scanners or digital cameras, or by pixel editing programs (e.g., Adobe Photoshop). Raster images are composed of a matrix (grid) or bitmap of digital picture elements (pixels). Pixels are squares or rectangles described as black, white, gray or color. Raster images typically are saved as TIFF format, but can be saved as EPS as well.
Whereas conversion from vector to raster is easily accomplished, raster conversion to vector is much more difficult (and often is not possible). Raster images typically are easily shared across various platforms, but can be more difficult than vector graphics to modify. As well, raster graphics are impacted by scaling.
Creating a raster logo design using Adobe Photoshop might be ideal for web only usage but if you are serious about branding, then the resulting raster PSD logo file will be of limited use. When sent to a printer or sign maker and when they try to scale the raster logo, the quality deteriorates and pixellation occurs. Yes, agreed, creating the raster logo design in Photoshop would enable a designer to pile on stunning effects (such as drop shadows, beveling, blurring etc). But the final deliverable will have limited uses.

Tee Off for Earth Day – At your next golf tournament, hand out biodegradable golf tees packaged with a customized wraparound imprint that can be illustrated to "tee-off" current sales campaigns or to introduce new products. The promotional tees are made from corn which biodegrades three times faster than wooden tees, and when the tees get left behind, they won't splinter and cause blade damage when chopped up by golf-course mowers. If you’re playing around water, add another eco-dimension by offering biodegradable golf balls that can be left in place if they land in water hazards.
Dress-Up Retention – Develop an Earth Day customer retention program by awarding recycled promotional clothing to repeat customers. Add a "We Appreciate What You Do For Us" message that lets repeat customers know you’re rewarding them with eco-friendly clothing that’s produced with less fossil fuels, creating less waste and fewer carcinogens.
