Answered: What are some limitations of the NAICS…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

See similar textbooks

Related questions

Question

100%

What are some limitations of the NAICS (North American Industry Classification System) categorization scheme?

Expert Solution

Step 1: INTRODUCTION

NAICS (North American Industry Classification System)

For the reason of gathering, analyzing, and publishing statistical data pertaining to the American corporate economy, Federal statistics agencies classify commercial establishments according to the North American Industry Classification System (NAICS). It was created to enable close business statistics comparisons between the three North American nations. Because NAICS relies on a production-oriented theory, it puts firms into industries based on how similarly they produce goods or offer services.

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.

Similar questions