business practice
How firms operate
A business practice is a habitual method or procedure a company uses in its operations.
The term often appears in contexts of ethics or legality: deceptive business practices, unfair business practices, standard business practice.
In the plural, it covers the range of customs and procedures that define how a company conducts itself: Their business practices came under scrutiny after the scandal.
- standard operating procedurePrescribed method for tasks
- procedurePrescribed sequence of actions
- routineRegular sequence of actions
- ethicsStudy of right conduct
- good faithSincere, honest intent
industry standards · management · open door policy · compliance · strategy · corporate governance · level playing field · profitability · bottom line · contract execution · fine print · operations · fair dealing · conflict of interest · innovation · efficiency · cutting corners · organizational structure
business practiceregulation
Official rules governing conduct
government regulation · legal requirement · law · government mandate · legal mandate
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