The _____ (NAICS) system enables a company to identify relatively small segments of its business market.
A) North American Industrial Segmentation Code
B) New American Innovative Coding System
C) North American Institutional Code Standards
D) Need-Automated Industrial Codes for Strategies
E) North American Industry Classification System

Question

Quizplus · Accepted Answer

The North American Industry Classification System (NAICS) is designed to classify business establishments into industries based on the similarity of their production processes. It is a standard used by Federal statistical agencies for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy.

The _____ (NAICS) System Enables a Company to Identify Relatively