Regulatory standards are rules and guidelines set by government agencies or organizations to ensure safety, quality, and fairness in various industries. These standards help protect consumers, the environment, and public health by establishing minimum requirements that businesses must follow. For example, the Food and Drug Administration (FDA) sets standards for food safety and pharmaceuticals to ensure that products are safe for public use. In addition to safety, regulatory standards also promote fair competition among businesses. By adhering to these standards, companies can build trust with their customers and avoid legal issues. Compliance with regulations, such as those from the Environmental Protection Agency (EPA), helps businesses operate responsibly while contributing to a healthier planet.