Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: M

MARKET POTENTIAL

During a certain period, in a specific product’s market, stating this measure as the estimated maximum total sales revenue of all suppliers.

MARKOV CHAIN

Sequence of stochastic events based on probabilities instead of certainties. The current state of a variable or system is independent of all past instances, except for he current present state. Stock/share price

MASS MARKET

Unregimented market offering every customer products with mass appeal products, like aspirin, orange juice, soft drinks, paperback romances, and the like through mass retailers and independent stores, using mass media to promote

MASTER PLAN

Several related subplans incorporated together to make one master plan.

MATERIAL EVIDENCE

the facts or issues of a case or enquiry that can affect its conclusion or outcome have a significant relationship with this type of proof or testimony.

MATTER OF FACT

An assertion or allegation of a fact’s truth as this inquiry’s basis.

MATURITY STAGE

sales peak and start to decline in this longest period in the life cycle of a firm, industry, or product. In economics, economic growth characterized by high level of mass consumption is

MEANS-TESTED BENEFITS

Individuals whose income is below a certain level are eligible to these types of benefits. In the U.S. food stamps are a means-tested benefit. Only low-income families are allegedly eligible.

MEDICAL EXPENSE DEDUCTION

On itemized tax returns for medical expenses, individuals may deduct from their income this specific type of amount. Medical expenses above 7.5% of their adjusted gross income can be deducted by eligible

MEGA MARKETING

government, media, and pressure groups as other elements of a firm’s external environment, in addition to the typical marketing activities that involves this type of management activity. The US marketing academic Philip

MERGER DEFICIT

A situation where the total share capital value used to purchase another company is less than the total equity value purchased. The stock bought by the company should be worth more than

METHANOL (CH3OH)

Type of alcohol that is highly flammable and poisonous. When ingested at even small quantities of 10 milliliter, two teaspoonful, it can cause permanent blindness. Up near 100 milliliters it may be

MICRO COUNTRY RISKS

Specific type of political risk category. Corporations doing business in other nations may face internal turmoil or anti-foreign sentiment. Vandalism, civil unrest, rioting, and nationalization of corporate assets by foreign governments are

MICROFORM

Produced by any method of microphotography and image miniaturization. Roll microfilm, microfiche, computer output microfilm, and all other formats can be used. Devices known as microform readers are used to display microform

MICROSOFT POWERPOINT

Microsoft (MS) Office product that is a users’ tool interface to design multimedia slides for display a projector or personal computer. The software has functionality to present images, sounds, videos, text, and

MIL

Unit of length that equals one-thousandth (0.001) of an inch. Translates to 25.4 micrometers (microns). Known as thou in UK.

MILLIBAR

Original unit of measure for atmospheric pressure. Older but still most widely used. The newer unit is called a kilopascal One millibar equals one-thousandth of a bar, about 0.03 inches or 0.76

MINIMUM CASH BALANCE

Cash planning during an accounting period to avoid or cover up cash shortfalls between cash inflows and outflows drives management to maintain this specific type of the least amount of available cash.

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