The terms used in business such as Minimum Wage,Minute Book,Mirror Site,Mixed Economy, Mnemonic,Mixed Tariff etc.
This post explains about terms used in business such as Microsite,Middle Market,Mindshare,Minimum Wage,Minute Book,Mirror Site,Mixed Economy, Mnemonic,Mixed Tariff etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.
The terms used in business
Microeconomics - A branch of economics which studies individual parts of the economy, such as households, industries and businesses, and how they make decisions about spending money, use of goods and services, etc.
micromarketing: marketing to individuals or very small groups.
Microsite - A small separate part of a larger website which is designed to be used for a particular purpose, e.g., advertising or selling. Often co-branded or 'white label', i.e., run by a larger website organisation for a smaller website acting as an agent or affiliate.
Middle man / Intermédiaire :A person or organisation that buys goods from the producer and sells them to the customer, with a profit.
Middle Management - In organisations and business, managers who are in charge of small departments and groups of people while reporting to upper management.
Middle Market - A market segment generally represented by financing under $2 million. In leasing, this sector is dominated by single investor leases.
Middleman - A person who arranges business or political deals between people, usually for a commission or fee, or, more generally, any person or company buying goods from a supplier and selling them to customers, usually at a profit.
middleman: A person or company that performs functions or renders services involved in the purchase and/or sale of goods in their flow from producer to consumer.
Midsession - On the stock exchange, the middle period of trading during the day, usually around noon.
Milk Round - In the UK, a term used when large companies visit universities each year to advertise job opportunities to students.
Miller and Modigliani’s Irrelevance Proposition - Theory that if financial markets are perfect, then corporate financial policy (including hedging policy) is irrelevant.
Mindshare - In advertising, the development of consumer awareness of a product or brand.
Minimax Strategy - In Game Theory and strategy generally, a method which seeks to minimise the maximum potential losses, which usually equates to 'playing safe'.
Minimum Annual or Monthly Commitment (MAC or MMC):The amount of service which the customer commits to purchase during each year or each month of a promotional offering or product offering . The customer’s MAC/MMC includes charges for all services identified in the customer’s agreement or in the Schedule product or promotion description as contributory. The promotional or product offering also specifies whether the MAC/MMC charges are calculated before or after applicable discounts. The MAC/MMC does not include non-usage charges, such as taxes, interest, surcharges, access facilities charges and other charges associated with access, fixed recurring charges, installation charges, and other non-recurring charges. If the customer fails to satisfy the MAC/MCC, the customer shall pay to Sprint, in addition to all other charges, the difference between the MAC/MCC and the customer’s actual charges for such services for each year or month in which the customer does not achieve the MAC/MCC.
Minimum Service Period - The term "Minimum Service Period" denotes the period during which the subscriber incurs a termination liability
Minimum Subscription:It is the minimum amount of money, which in the opinion of the directors, must be raised by share subscription in order to enable the company to provide for certain statutory specified maters viz. Preliminary expenses, purchase price of any property, working capital, etc. No allotment of shares can be made unless the minimum subscription is subscribed by the applicants for shares.
Minimum Wage - The legal lowest wage an employee can be paid by an employer.
Minimum Cash Balance: The minimum amount of cash the business needs to keep on-hand at all times
Minion - A low-ranking loyal and often favoured servant or worker.
Minister without portfolio - A government minister who has not been appointed to any specific department, and who has no specific departmental responsibilities. Also refers metaphorically to an executive or director or manager in an organization who has authority and rank but no responsibility for specific activity.
MINORITY BUSINESSES:The Small Business Administration defines minorities as those who are "socially and economically disadvantaged." The U.S. Code of Federal Regulations (CFR) contains the specific requirements.
Minority protection / Minorité de blocage :Regulations that protect minority shareholders.
Minute Book:A book in which the resolutions of different meeting of the company are written for, a permanent record is called a minute book.
Mirror Site - On the Internet, an exact copy of a popular website. This is done so that some of the traffic can be diverted from the original website to the Mirror Site when the original site becomes very busy. Alternatively a copy website whose purpose is to attract and direct additional visitors towards the original site, regarded as unacceptable SEO (search engine optimisation) or 'cheating' by most search engines.
Misery Index - Created by economist Arthur Okun, an economic indicator of a country which adds the inflation rate to the unemployment rate.
Misrepresentation - where one party to a contract makes a false statement of fact to the other which that other person relies on. Where there has been a misrepresentation then the party who was misled can get damages for their loss.
Mission Creep - Originally applied to military operations, a gradual expansion of a project that goes beyond original aims, so things turn out differently than planned, often resulting in undesirable consequences.
Mission Statement - A brief statement which sets out the activities and objectives of a company or organisation.
Mission Statement: A series of brief sentences or paragraphs that describe the purpose of your business, its products or services, customers, markets, and philosophy
Mitigate - To make something less severe or dangerous, e.g., using 'Mitigating Circumstances' as an excuse to try to make an offence seem less serious than it appears.
Mixed Economy - A country's economic system which has both private and state owned enterprises in operation.
Mixed Economy - An economy in which certain sectors of the economy are left to private ownership and free market mechanisms, while other sectors have significant government ownership and government planning.
Mixed Tariff - A combination of specific and ad valorem tariffs.
MLD :Membership Last Day, the number of students remaining in membership as of the last day of the school month or academic year.
MLM (Multi Level Marketing):Multilevel marketing (MLM) plans, are a way of selling goods or services through distributors. These plans promise that if you sign up as a distributor, you will receive commissions -- for both your sales of the plan's goods or services and those of other people you recruit to join the distributors. Be careful of plans that offer to pay commissions for recruiting new distributors. This is called "pyramiding" and is illegeal in most states.
Mnemonic - A technique or mechanism, popularly called a 'memory-aid', for helping to remember something (a rule, process, concept, theory, etc., or simply a job to do or mental note). Examples of types of mnemonics are acronyms (including 'bacronyms') stories, quotes and rhymes. A knotted handkerchief is a traditional and iconic mnemonic (because it served to remind the owner that he/she should remember something, although amusingly gives no clue as to what exactly should be remembered). The phrase 'Richard Of York Gave Battle In Vain' is a mnemonic for the colours/colors of the rainbow in order, matching the first letters to Red Orange Yellow Green Blue Indigo Violet. The word is pronounced 'nemonic' and is commonly misspelled ('numonic'). It's from Greek mnemon, mindful. The study of the development and assistance of memory is called mnemonics or mnemotechnics. Most mnemonic devices operate by association, i.e., by linking the thing to be recalled (which is typically lacking in memorability or pattern or imagery) with something such as an acronym, phrase or rhyme (which ideally contain strong memorability, pattern, imagery, etc) and which correlates or matches the key words in some way. Some mnemonics can become very deeply embedded into the brain, especially those which are learned in formative childhood years, so that they can be recalled effortlessly after several decades of not being used.
The above details describes about terms called in business such as Microsite,Middle Market, Mindshare,Minimum Wage,Minute Book,Mirror Site,Mixed Economy, Mnemonic,Mixed Tariff etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in overseas trade below this post.Terms used in business such as Merchant Bank,Mesne Profits ,Mezzanine Finance , MFA / AMF,Method of Payment etc
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