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MARKET ACCEPTANCE

Continued or increased production and availability warranted by this state of satisfying a sufficiently large customer base with a good or service.

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MITIGATION

Minimization of a threat or warning’s potential impact, or the elimination or reduction of exposure to frequency, magnitude, or severity of risks.

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METHOD OF PAYMENT

Acceptable forms of remittance for a given sales transaction, in stated terms. The product or service seller states the acceptable payment method.

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MERCHANDISE

Items bought and sold in wholesale and retail. Household, personal use, or commercial goods, wares, commodities are all examples of merchandise.

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MARKETING DEFECT

Failure to adequately communicate instructions on (1) proper, safe item use, (2) inherent potential dangers, and/or (3) risks of using the item.

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MANDATORY RETIREMENT

A pension plan’s mandated retirement age. Regardless of willingness to do so, the insured must retire upon reaching the mandated retirement age.

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MANAGEMENT SUCCESSION PLAN

Documented list of required capabilities for different management positions matched to current managers, identifying readiness to fill positions.

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MOTOR

1. Conversion device making mechanical energy or imparting motion from electrical or other energy.
2. Muscular movement concerns or involvement.

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MEDICAL WASTE

discarded from medical facilities, blood or body tissue, and bedding, bandages, syringes, and the like are this specific type of biologic waste.

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MATERIAL OVERHEAD

Purchasing, receiving, handling, storing, and delivering materials used in assembly or production processes all contribute to this type of cost.

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MARKET CONNECTION

Firm’s or brand’s market acceptance translates into some level of market connection. A firm’s major asset is a high level of market connection.

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MARGINAL SOCIAL BENEFIT

An activity’s incremental benefit as perceived by society. Adding marginal external benefit and marginal private benefit results in this value.

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MANAGEMENT BY RESULTS

Objectives planned determine if results are worthwhile and contributing to an organization’s mission and goals in this process management style.

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MOTOR TRUCK CARGO INSURANCE

Trucker liability insurance for cargo carriers used for cargo destroyed, damaged, stolen, or otherwise declared a loss while being transported.

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MOST FAVORED CUSTOMER

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

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METHOD SPECIFICATION

Instead of prescribing the standard itself, having a “How to achieve a Desired standard” as a document containing these specific requirements .

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MAINTENANCE CONCEPT

Concept, policy, or planned approach broadly defined to govern equipment, machine, plant, or system maintenance levels and task-types required.

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MUTUAL

A common denominator shared by more than one party or object. An example is: “Chris and Becky have a mutual desire to have children one day.”

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MORTGAGE REDEMPTION INSURANCE

To repay the balance on a mortgage loan in case the mortgagor dies before payoff, one buys this type of decreasing-term life insurance policy.

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MONEY MARKET INSTRUMENTS

Certificates of deposit, bankers’ acceptance, treasury bills, or commercial paper are this type of short-term, low risk financial instruments.

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MESSENGER ROBBERY INSURANCE

Insurance that covers property or money that is leaving the premises in someone’s possession, like an employee delivering items to a customer.

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MEMORANDUM OF SATISFACTION

Payment in full of all owed sums for the mortgage on an asset or property has been discharged as satisfied by the lender’s written statement.

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MEDICAL PRACTITIONER

Upon meeting the specified requirements, as a health professional this specific type of individual is accredited, licensed, and/or registered.

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MARKETING CONTROLS

In achieving their marketing objectives firms monitor and regulate their marketing activities, employing this set of practices and procedures.

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MARKET BREADTH

Particular item’s price rise and fall movement or the same for an entire market caused by this tally of actual participant buyers and sellers.

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