Make to order

Refers to manufacturing products in accordance with the unique customer specifications.

Makespan

The time for completion of all jobs.

Make or buy decision

The decision relating to whether a particular product should be manufactured in the factory or to be procured from outside.

Maintenance schedule

An all inclusive list of maintenance and its incidence.

Maintenance programme

A record showing allocation of specific maintenance to a specific period.

Maintenance planning

An advance planning regarding maintenance job along with mode, materials, tools, labour, and timing in respect of the said job.

Maintenance

The act of preservation of any equipment in good repair.

Mainstream company

A big and prosperous company possessing impressive record of growth in profits and having a conspicuous place in the national (or international) economy.

Mainframe

1) The central processing unit of a big computer. 2) Large computer system.

Mailing list

A list having names and addresses of actual and prospective customers of a particular product and service.

Mailed questionnaire method

It is a method of gathering data by mailing questionnaire.

Mail order selling

A mode of seeking orders by sending mail, the brochure and other documents to future customers and obtaining orders from them also by mail.

Mail order firm

A retail firm selling a variety of goods, not directly through outlets but through Mail.

Mail order

A mode of purchasing merchandise with the help of postal service. Also electronic mail order for purchases made from website through accessing the internet.

Mail

1) Letters, parcels, papers etc. carried by post. 2) The entire postal system.

Magnet

It stands for ‘a centre of interest’.

Magnate

A person having great imp0ortance and influence, who is generally a man of the business world.

Magazine concept

The process of choosing television advertisement time on the basis of the known buying habits of the audiences that view particular shows.

Macro-micro social indicator audit

A system of audit under which microlevel social performance indicators are compared with macrolevel social indicators to form an opinion about the social performance of an organisation.

Macrolevel

Refers to National and agreegate levels.

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