Category: M

Readily-available, products and services appealing to the general public. Contrast to a very selective subset of the public.

A parent company or lateral-integrated unit with more than 50% ownership of a business unit.

Theory that populations grow at a geometric rate while food supplies grow at an arithmetic rate. Seen as flawed as limited factors were observed in developing this Law. Ignores essential factors: technology,

An individual accountable for specific tasks, or specific company areas. A staff of people typically report up to this person.

1. In General, this is the personnel available or engaged for a specific job or task, as a resource supply. 2. In Economics, this is the total labor force of a nation.

Organized production. Assembly lines, batch production, and computer-integrated manufacturing are some of the many existing types of manufacturing systems.

The basis for choosing which product to make or which process to use in this decision-making method, using marginal cost. Also known as incremental costing.

A small, disposable income’s change proportion potentially saved instead of being spent on consumption. Divide the amount saved by the causal disposable income change.

When money is loaned on hypothecation on bottomry bonds, this higher-than-market interest rate covers the use and risk of the loan.

An entity’s plans, policies, and strategies collectively impacted by Cultural, economic, political, social, and technological environments.

On behalf of a company, one accountable to identify consumer needs and match them to the goods and services available, selling these goods and services . Also refer to advertiser.

Named after the German metallurgist Adolf Martens (1850-1914). A crystal having a characteristic body-centered tetragonal crystalline structure, formed via displacive transformation, typically steel or another mineral. Also refer to Austenite.

A singular budget for rolling up and summarizing all of the organization’s integrated, individual budgets.

Students who successfully graduate from their college or university’s MBA program earn this particular advanced college degree. Traditionally a student will have already received a Bachelors degree in some area of study,

For a project, operation, organization, or undertaking, this is all of the required apparatus, equipment, parts, and supplies, separate from the personnel.

On the date of its encashment or redemption, including accrued earnings, an investment’s value.

With stated limits for each claim allowing multiple claims for multiple different disabilities, this is a specific type of disability income insurance.

The average of values or quantities. Known also as simple average or arithmetic average. Compute an average as the sum of all value amounts divided by the number of values tallied. For

Demographic, psychographic, and other factors as grouping characteristics on websites for internet advertisers this type of firm services.

If not carried out the patient’s situation could worsen. For a patient’s treatment found to be necessary is this specific type of procedure or treatment.