Business practice

Company practice

Company practice is what a company does on a regular basis or the way the things are done by a company for example certain companies use specific tools for certain jobs or a method that is not used by many other companies.

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Industry practice

Rules and regulation made by the govt for company in the industry to follow.Industry practice is a set of rules and regulations that are set for the industry with input from the industry. for example the laws on w.o.f. are being changed to once a year instead of once every 6 months. although not all people agree so the law has not been passed at this date



Code of conduct

Clarifies the standards of behaviour that are expected of Staff in the performance of their duties. It gives guidance in areas where staff need to make personal and ethical decisions.