Lexeme: industry practice  
Inferred
Definition:
  1. noun. Industry practice refers to the standard methods, processes, and techniques that are commonly followed or accepted within a specific industry. It encompasses the collective knowledge, expertise, and experience of professionals and organizations in a particular field, and is aimed at ensuring efficiency, quality, and consistency in the industry's operations. Industry practices are often established over time and widely adopted as best practices or benchmarks to guide decision-making, problem-solving, and the overall conduct of business within that industry. GPT3.5
Word Forms:
  • noun. industry practice (singular), industry practices (plural)
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