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In a market with only a few large firms, mutual interdependence is the reality that the actions of one firm affect the choices and actions of the other firms. Mutual interdependence is associated with oligopolistic markets�markets with BARRIERS TO ENTRY, few competitors, and either similar or differentiated PRODUCTs.


Mutual funds, organized as CORPORATIONs and regulated by the SECURITIES AND EXCHANGE COMMISSION, are major FINANCIAL INTERMEDIARIES in today�s world. They accept funds from savers by selling them shares and then use the proceeds to invest in various financial securities ranging from short-term debt instruments to long-term BONDS and stocks.


A multinational corporation (MNC) is a firm that operates in more than one country. The common image of an MNC is a giant CORPORATION engaging in business around the world. The Forbes 2000 list of �The World�s Largest Corporations� is led by General Motors, followed by Wal-Mart, ExxonMobil, Ford, and DaimlerChrysler.


Multilevel marketing (MLM), also known as network marketing, is a home-based marketing system based on selling to friends and recruiting others to sell and distribute the company�s products. In the United States, multilevel marketing is a multibillion-dollar industry.


Motivation describes a state of being in which an individual experiences the energy and desire to pursue a specific goal. Motivation theory includes different explanations for how motivation helps propel and direct people�s behavior and addresses possible reasons for why people try to achieve goals.


A most-favored-nation (MFN) clause in an international trade agreement requires participants in the agreement to offer all other participants treatment as favorable as that extended to any other country. Therefore most-favorednation clauses, with some exceptions, eliminate discrimination among countries on the basis of TARIFFs and duties and provide freedom for INVESTMENT.


A mortgage is a loan secured by real property in which the lender obtains the legal right to liquidate (sell) the property to recover its funds in the event the borrower fails to make payment on the loan. The purchase of a home is often a consumer�s single largest purchase in his or her life.


Moral suasion is the use of influence to affect behavior. Business moral suasion is most often associated with public statements by individuals with authority, ADVERTISING campaigns, and educational programs. President John F. Kennedy attempted moral suasion in his classic statement, �Ask not what your country can do for you. Ask what you can do for your country.�


Moody�s Investors Service (along with STANDARD & POORS�S Corporation) ranks BONDS according to their DEFAULT risk. Investors want information in order to assess the RISK versus return of financial securities. Moody�s Investor Service�s widely used rating system provides investors with default risk information.


The Montreal Protocol (1987) is an international agreement that controls the production and CONSUMPTION of substances that cause ozone depletion. The full title of the agreement is the Montreal Protocol on Substances that Deplete the Ozone Layer. Ozone (three oxygen atoms, chemical formula O3) is a rare but important compound found in the earth�s atmosphere.
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