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The word mark, followed by number, is a method of designating a version of a product. It is often abbreviated as Mk or M. This use of the word possibly originates from the use of physical marks made to measure height or progress. Furthermore, by metonymy the word mark is used to note a defined level of development or a model number.
The kind of products that use this convention vary widely in complexity. The concept shares some similarities with the type designation (in hardware), also called software versioning: 1.0+ (1.1, 1.12, 2.0, 3.0, etc.), used to designate general software product releases, and other version control schemas. Thus designations like "Mark I", "Mark II", "Mark III", "Mark IV", etc. come to be used as proper names for persons and products.