What Is Manufacturing? The term manufacturing refers to the processing of raw materials or parts into finished goods through the use of tools, human labor, machinery, and chemical processing. Manufacturing allows businesses to sell finished products at a higher cost than the value of the raw materials used. Large-scale manufacturing allows for goods to be
What Is a Manufacturing Cell? Manufacturing cells are sets of machines that are grouped by the products or parts that they produce. This type of system is used in the cellular manufacturing concept and is distinct from the traditional functional manufacturing system, which groups all similar machines together. Manufacturing cells are generally used to increase
What Is Manufacturing Production? Manufacturing production refers to the methodology of how to most efficiently manufacture and produce goods for sale, beyond just a bill of materials. Three common types of manufacturing production processes are: make to stock (MTS), make to order (MTO), and make to assemble (MTA). Such strategies have advantages and disadvantages in
What Is Manufacturing Resource Planning? Manufacturing Resource Planning (MRP II) is an integrated information system used by businesses. Manufacturing Resource Planning (MRP II) evolved from early Materials Requirement Planning (MRP) systems by including the integration of additional data, such as employee and financial needs. The system is designed to centralize, integrate, and process information for
What Is a Man-Year? A man-year, or person-year, is a unit of measurement for the amount of work done by an individual throughout the entire year, expressed in the number of hours. The man-year takes the number of hours worked by an individual during the week and multiplies it by 52. Key Takeaways A man-year
What is Maple Bond? Maple Bond is denominated in Canadian dollars (CAD), transacts on the secondary market and gives foreign issuers access to the Canadian debt market. Key Takeaways Maple Bond is denominated in Canadian dollars, transacts on the secondary market and gives foreign issuers access to the Canadian debt market.Maple bond gives Canadian investors
What Is Margin? In finance, the margin is the collateral that an investor has to deposit with their broker or exchange to cover the credit risk the holder poses for the broker or the exchange. An investor can create credit risk if they borrow cash from the broker to buy financial instruments, borrow financial instruments to sell them short, or enter into a derivative contract. Buying on margin occurs
What Is Margin Debt? Margin debt is debt a brokerage customer takes on by trading on margin. When purchasing securities through a broker, investors have the option of using a cash account and covering the entire cost of the investment themselves, or using a margin account—meaning they borrow part of the initial capital from their
What is Margin Loan Availability? Margin loan availability describes the amount in a margin account that is currently available for purchasing securities on margin or the amount that is available for withdrawal. A margin account makes loans available to the customer of a brokerage firm using the customer’s securities in their account as collateral. How
What Is the Marginal Rate of Substitution (MRS)? In economics, the marginal rate of substitution (MRS) is the amount of a good that a consumer is willing to consume compared to another good, as long as the new good is equally satisfying. MRS is used in indifference theory to analyze consumer behavior. When someone is indifferent to substituting
