standard

standard definition - business

standard

  1. A basis of reference against which other things or activities can be compared: The firm established a standard for potential employees.
  2. The foundation of a monetary system. For example, gold was once the foundation of some monetary systems.

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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