standards setting

Standards setting is the process of establishing agreed-upon guidelines or criteria that ensure products, services, or systems meet certain quality, safety, and efficiency levels. It involves industry experts, organizations, and regulators collaborating to define consistent requirements that facilitate compatibility, interoperability, and consumer confidence. By creating common standards, businesses can innovate and operate smoothly within a predictable framework, while consumers benefit from reliable and safe offerings. Overall, standards setting helps create uniform benchmarks that support fair competition and technological progress across different sectors.