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Established Practice
Sales practices that are widely recognized and consistently applied within an industry.
Implications
A method, process, or approach that is widely recognized and accepted as effective and standard within a particular industry or field, often based on extensive experience, research, and consensus, providing a reliable framework for decision-making and operations.
Example
Example: The use of double-entry bookkeeping is an established practice in accounting, providing a consistent and reliable method for recording financial transactions and ensuring accuracy in financial reporting.
Related Terms
Different from emerging practices, which are new and evolving, established practices are tried and tested methods that have become the norm within an industry or field.
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