The Law Dictionary

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

Category: M

MANUFACTURING TEST SPECIFICATION AND PROCEDURE

Performance and procedure specifications described and documented for a component, subassembly, or system. These specifications must be met during manufacturing. Both performances and the process will be assessed during the runtime.

MARGIN REQUIREMENT

a security’s value percentage allowed to be collateral for a purchase financing loan. the margin requirement is 50 percent In the US of the bonds or shares value. For options, the premium

MARGINAL REVENUE

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

MARK DOWN

Item’s selling price reduction. To stimulate demand or to drive away a competitor, a temporary reduction happens. To remove slow-selling items from inventory permanent markdowns are taken.

MARKET CONDUCT

When executing its pricing and promotion strategy, this is the firm’s behavior pattern responding to its service-market’s realities.

MARKET EQUILIBRIUM

Item’s supply and demand are exactly equal in this named situation. Price tends to remain stable in this situation as there is neither a market surplus nor a market shortage.

MARKET MODEL

The economy and individual choices of investors analyzed by this collective set of methods when applied to determine the effect of various differing forces impacting market performance.

MARKET POSITIONING

The actions of improving consumer comparison perception of the firm’s brand or products versus the competition. Taking a solid, unchallenged, advantageous position in the consumer’s mind is the exact intent.

MARKET SIZE

A specific market’s entity count of potential product or service buyers and/or sellers. Before launching a new product or service in an area, knowing the market size interests companies.

MARKETED CLAIMS

1. in Investment, this is a tradable security owner’s established right. financial markets allow claims to be bought or sold. As an example, control of 100 bushels of wheat gives the right

MARKETING PLAN

Describing activities involved in achieving specific marketing objectives within a set timeframe as this type of product specific, market specific, or company-wide plan. Beginning with conceptualization, the identification through market research of

MARKUP LANGUAGE

Describing, and wrapping or encapsulating data and its attributes using a specialized computer language. A markup language embeds processing instructions, called tags, in electronic documents. This is done to accurately style and

MASS MERCHANDISER

Accessories, appliances, clothing, furniture, office equipment and stationery, even shoes are examples of a very wide range of product categories offered by these huge retail stores.

MASTER PRODUCTION SCHEDULING (MPS)

A comprehensive product manufacturing schedule that covers what is to be assembled or made, when, with what materials acquired when, and the cash required translated into a business plan. Material requirements planning

MATERIAL FACT

Crucial to the interpretation of a phenomenon or a subject matter, or to the determination of an issue at hand this is a specific type of confirmed or validated event, item of

MATERIEL

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

M-COMMERCE

Using mobile communication devices like cell phones or personal digital assistants (PDA) to transact electronic commerce, ecommerce.

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