What is Best Practice Policy ?
‘Best Practice Policy’ is a set of guidelines that implements the best practices for any process undertaken by the company. The policy might be drafted either by the company directly or by a regulatory body to standardise the best practices.
These guidelines help in fair trade for everyone while also making sure that no company is taking undue advantage of the assets they possess to profit unethically.
This kind of best practices policy will help in the long term by making the company work most efficiently and it also helps the customer by making sure that the products meet the specified quality prescribed by these practices.