What is the difference between 'in terms of' and 'with regard to'?

Here's generally how I view these phrases.

'in terms of' When we speak in this way, using these kinds of terms.

eg In terms of computer skills, his programming and website design abilities are excellent.

'with regard to' When we look at something.

eg With regard to this problem, we need a solution by Friday.

Well doneEmotion: smile