industry standard

industry standard definition - business

industry standard

A voluntary industry-accepted benchmark for products or practices. For example, industry standards for computer hardware and software allow consumers to purchase software programs that run satisfactorily on any computer.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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