Continued or increased production and availability warranted by this state of satisfying a sufficiently large customer base with a good or service.
MITIGATION
Minimization of a threat or warning’s potential impact, or the elimination or reduction of exposure to frequency, magnitude, or severity of risks.
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.
MERCHANDISE
Items bought and sold in wholesale and retail. Household, personal use, or commercial goods, wares, commodities are all examples of merchandise.
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.
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.
MANAGEMENT SUCCESSION PLAN
Documented list of required capabilities for different management positions matched to current managers, identifying readiness to fill positions.
MOTOR
1. Conversion device making mechanical energy or imparting motion from electrical or other energy.
2. Muscular movement concerns or involvement.
MEDICAL WASTE
discarded from medical facilities, blood or body tissue, and bedding, bandages, syringes, and the like are this specific type of biologic waste.
MATERIAL OVERHEAD
Purchasing, receiving, handling, storing, and delivering materials used in assembly or production processes all contribute to this type of cost.
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.
MARGINAL SOCIAL BENEFIT
An activity’s incremental benefit as perceived by society. Adding marginal external benefit and marginal private benefit results in this value.
MANAGEMENT BY RESULTS
Objectives planned determine if results are worthwhile and contributing to an organization’s mission and goals in this process management style.
MOTOR TRUCK CARGO INSURANCE
Trucker liability insurance for cargo carriers used for cargo destroyed, damaged, stolen, or otherwise declared a loss while being transported.
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.
METHOD SPECIFICATION
Instead of prescribing the standard itself, having a “How to achieve a Desired standard” as a document containing these specific requirements .
MAINTENANCE CONCEPT
Concept, policy, or planned approach broadly defined to govern equipment, machine, plant, or system maintenance levels and task-types required.
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.”
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.
MONEY MARKET INSTRUMENTS
Certificates of deposit, bankers’ acceptance, treasury bills, or commercial paper are this type of short-term, low risk financial instruments.
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.
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.
MEDICAL PRACTITIONER
Upon meeting the specified requirements, as a health professional this specific type of individual is accredited, licensed, and/or registered.
MARKETING CONTROLS
In achieving their marketing objectives firms monitor and regulate their marketing activities, employing this set of practices and procedures.
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.