MERCHANDISE Definition

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MERCHANDISE is commodities offered for sale or to engage in the trade of commodities that are for sale.

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MANAGEMENT BY OBJECTIVES (MBO) is a management theory that calls for managing people based on documented work statements mutually agreed to by manager and subordinate. Progress on these work statements is periodically reviewed, and in a proper implementation, compensation is usually tied to MBO performance.

CHURN RATE is the percentage of customers (e.g., cellular telephone subscribers) that cancels their service per month.

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