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

Category: M

MARGINAL REVENUE

A firm’s gross revenue increase produced when one additional output unit is sold.

MARKET ATTRITION

In absence of effective promotion, customer brand-loyalty’s gradual erosion over time.

MARKET PENETRATION

1. The action of increasing an existing product’s market share or new product introduction to grab market share by volume discounts, advertising, lower prices, or bundling as a strategy. 2. Percentage of

MARKINGS

1. In Securities trading, this is the (1) price details recording of stock exchange security trading. (2) Official count of transactions as trades during an exchange’s trading hours. 2. In Shipping this

MASS CUSTOMIZATION

Personalized or custom-tailored goods or services produced to meet diverse and changing consumers’ needs, but at near mass-production prices. Computerization, internet, product modularization, and lean production each enables and hastens the portend

MASTER NOTE

A commercial contract offered to an investor with periodic investment instruments.

MATERIAL COST

Product production’s monetary investment. Things that incur material costs, for example, are the ingredients of a meal or the parts of a machine. The cost of labor to produce the product is

MATRIX ORGANIZATION

The horizontal flow of skills and information moves easily through this type of organizational structure. The management of large projects or product development processes uses this type of structure. Employees come from

MATURITY PERIOD

Completed, due, or paid up timebound item with this type of period.

MAXIMUM PRICE FLUCTUATION

Without triggering a trading halt this is the largest amount a futures contract can move in a single trading session. Individual commodities and financial instruments have varied maximum price fluctuations. It is

MEANS ENDS ANALYSIS (MEA)

The overall goal is decomposed into objectives, Each objective is then decomposed into individual steps or actions. This is applying systems thinking to planning. The concept that ‘every attainable end leads up

MEDICAL EXAMINER

By conducting the examination of a prospective insured and acting as an agent of the insurer is this specific type of doctor.

MEETING RATE

to attend a meeting, guests staying together, the offering of this type of special room rate.

MEMORANDUM OF TARIFF

From the official tariff of a carrier, the information extracted is this specific summary of rules and rate.

MERE EXPOSURE EFFECT

A person’s psychological tendency to prefer a previously encountered option versus a totally unfamiliar option never encountered, regardless how brief the 1st option’s prior exposure was. In marketing, the Mere Exposure Effect

METHANE (CH4)

Flammable hydrocarbon gas that is colorless and odorless. Natural gas’s main component, about 75 to 99 percent. Non-toxic, it is an asphyxiant and a major hothouse gas. Catalytic oxidation converts methane into

MICKEY

Specific type of informal measurable unit. Said to be named after the famous Disney cartoon mouse. The smallest detectable distance of movement by a cursor on a computer screen via an input

MICROFILMING

Documents’ photographic reproduction process. Uses images one-eights (1:8) to one-fiftieth (1:50) of original size. Media is usually 16 or 25 millimeter film. Without any detail or information loss, these microphotographs can be

MICROSOFT OFFICE

Microsoft Corporation’s product suite. Packages MS-Word, Excel, Access, Publisher, PowerPoint, and Outlook. Each application serves a different purpose and is compatible with the other packaged programs. This suite is compatible with both

MIGRATION

Something’s or someone’s movement from one place to another, as in data from one format, platform, or system, to another, or from one country to another, or of a substance from one

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.