Market pressure is usually the primary reason that entities adopt ISO 9000 standards. However, many entities that register make internal process and quality improvement as a result. ISO 9000 forces entities to share information, which leads to a better understanding of whose internal customers and user are.

Market-skimming pricing is used when a new product is introduced at the highest price possible given the benefits of the product. For market skimming to work, the product must appear to be worth its price, the costs of producing a small volume cannot be so high that they eliminate the advantage of charging more, and competitors cannot enter the market and undercut the price.

The most common problem confronting an organization in its use of computers is erroneous or incomplete input. Input is especially susceptible to errors and omissions because of the substantial human intervention required. Comprehensive and effective input controls are necessary ensure that data stored in files or used in processing are not contaminated.

A LAN is a local distributed computer system, often housed within a single building. Computers, communication devices, and other equipment are linked by dedicated channels. Special software facilitates efficient data communication among the hardware devices.

The amount of inventor} loss through shrinkage directly affects inventory valuation_Inventory. Shrinkage must be considered in risk models involving inventory valuation.