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Figure of Merit (FoM) is a type of assessment of performance as it relates to the function of a system or device. Typically, this figure is represented as a point along a scale, and may involve comparing the merits of the device or system with similar products as a means of arranging that scale. The idea behind the figure of merit is to provide consumers with an idea of the benefits received by choosing one product over another.

Source: https://www.wise-geek.com/what-is-a-figure-of-merit.htm