Business standards are established guidelines and criteria that organizations follow to ensure quality, efficiency, and consistency in their operations. These standards can cover various aspects, including product quality, safety, and environmental impact. They help businesses meet customer expectations and comply with regulations, ultimately enhancing their reputation and competitiveness in the market. Organizations often adopt standards set by recognized bodies, such as the International Organization for Standardization (ISO) or American National Standards Institute (ANSI). By adhering to these standards, businesses can improve their processes, reduce risks, and foster trust among stakeholders, including customers, employees, and investors.