What are the best practices for creating dynamic select dropdown menus using PHP?

Creating dynamic select dropdown menus using PHP involves populating the options of the dropdown menu based on data retrieved from a database or another data source. This can be achieved by fetching the data, looping through it, and generating the HTML for the select dropdown menu dynamically.

<?php
// Assume $options is an array of options retrieved from a database
$options = ['Option 1', 'Option 2', 'Option 3'];

echo '<select name="dynamic_select">';
foreach ($options as $option) {
    echo '<option value="' . $option . '">' . $option . '</option>';
}
echo '</select>';
?>