MARC (Machine Readable Cataloging) is an international standard format for bibliographic data. It allows catalog records to be shared and processed by different library systems. The MARC standard ensures compatibility and enables efficient management of catalog records across libraries. Some key aspects include standardized field and tag definitions, a predictable record structure, and established formats like MARC21 that are used internationally. Common errors to avoid include incorrect field codes and indicators, typographical mistakes, failure to follow punctuation conventions, and not accounting for how one's library system handles specific MARC fields.