Sunday, 5 May 2024, 11:51 PM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
M
Mind MappingMind mapping – a drawn picture containing the main points of a section of study material. |
Minimum PricesMinimum prices refer to the minimum price producers can charge, also known as a price floor. |
MobilityRefers to a movement of people or freight. It can have different levels linked to the speed, capacity, and efficiency of movements.
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Monetary PolicyMonetary policy refers to the indirect intervention in economy by the reserve bank through manipulating money supply and interest rates. |
MoneyMoney is the lubricant for earnings and spending. Money is not a resource. |
MonopolisticMonopolistic competition is a market form where there are many firms and many close substitute products. |
MonopolyMonopoly is often called the perfect form of imperfect competition. There is only ONE producer and entry to the market is blocked. |
MotivatorsSomething that provides a reason or stimulus to do something. |
Movement Along a Demand CurveMovement along a demand curve refers to moving from one point on a demand curve to another point on the same demand curve. |
Movement Along Supply CurveMovement along supply curve refers to moving from one point on a supply curve to another point on the same supply curve. |