Category: M

On the basis of its market share a supplier has a limited degree of price setting power.

Delay in performing an obligation or taking an action legally authorized or simply agreed to be temporary.

A person servicing a loan for a fee for someone else. A mortgage banker differs because the banker originates, sells, and services the mortgage loan. A mortgage broker differs by not originating

Supply contract’s price protection clause that states the seller must offer the same price to all customers including the contracting customer.

An entity intentionally seeking and publishing a public entity’s misdeeds, criminal acts, and corruption for profit or gain. Sometimes linked to powerful businessmen, muckraker is typically given specifically to journalists.

Cultural, ethnic, linguistic, and religious differences having legal, political, and social recognition willingly promoted by celebrating human diversity.

since 1947, eight cycles of multinational bargaining have been held under GATT (now WTO). As a continuation of the Uruguay round, the latest MTN was held during 1986-93 in Geneva.

Commercial clients who operate from more than one location often have this type of plan. The number of locations are the basis of credits offered. The multiple locations are a reduced hazard

A company advertises with different hooks, trying to get customers from different markets to buy the same product for the same uses. This can be a costly marketing strategy. Known also as

Owned by its depositors and sometimes borrowers, who are referred to as members in a saving and loan association. The members elect directors to its board of trustees. Members have no direct

An M2 option plus large time deposits and repurchase agreements.

National, societal-based perspective-study of broad marketing activities, institutions, and processes. Starting at an economy’s aggregate goods and services flow, it determines social benefits as resource consumption and environmental effects.

Companies that do mail-order. Refer to mail order. Characteristics are a catalog or product list or website of available items. Consumers order by telephone, internet, or mail order and check together.

25,000 square feet or more of usable floor area earns a building this designation.

An immediate cause for concern, such a Condition, disorder, or growth will likely worsen in time, potentially deadly. Typically referenced in cancer determinations. Contrast to benign.

Unstructured approach of keeping a finger on the pulse of the organization by collecting qualitative information and listening to suggestions and complaints. Hands-on, direct manager participation in subordinates’ work-related affairs. Managers make

Characteristic or property of being modifiable, manipulable . Also refer to manipulative (Definition 2).

Processing raw materials, components, and parts while building finished goods based on a customer’s specifications and expectations. Manufacturing commonly employs a man/machine setup with division of labor in a large scale production.

All other factors remaining constant, an activity’s overall benefit increase caused by a unit increase in the level of that activity. Also known as marginal utility.

With all other factors remaining constant, this is the resulting output from hiring one more worker. Output of a firm or economy as a measured physical increase.