NAICS-The North American Industry Classification System code is a very valuable one for the marketers. It replaces the SIC-old product-based Standard Industrial Classification system which was introduced in the year 1930s. The system NAICS categories the business by the process of production, well reflecting changes in the economy, mainly in the area of technology and service industry. It was formed jointly by the Country U, Country C, and Country M in the year 1997 in concert with the NAFTA-North American Free Trade Agreement by offering a common classification system for these countries and well compatibility with the ISIC-International Standard Industrial Classification system. The 6 digit number is a vital to understand the business markets. The 6 digits can also be seven or ten in some cases. Characters in the case: Country U Country C Country M System NAICS System SIC To discuss: The representation of 6 six digits of NAICS code and the industry which is denoted by the code of NAICS 721110 and the number of businesses consist of this code.

Question

Want to see the full answer?

Answer 1

Question

Chapter 6, Problem 6.13AC

Summary Introduction

Case summary:

NAICS-The North American Industry Classification System code is a very valuable one for the marketers. It replaces the SIC-old product-based Standard Industrial Classification system which was introduced in the year 1930s. The system NAICS categories the business by the process of production, well reflecting changes in the economy, mainly in the area of technology and service industry.

It was formed jointly by the Country U, Country C, and Country M in the year 1997 in concert with the NAFTA-North American Free Trade Agreement by offering a common classification system for these countries and well compatibility with the ISIC-International Standard Industrial Classification system. The 6 digit number is a vital to understand the business markets. The 6 digits can also be seven or ten in some cases.

Characters in the case:

Country U

Country C

Country M

System NAICS

System SIC

To discuss: The representation of 6 six digits of NAICS code and the industry which is denoted by the code of NAICS 721110 and the number of businesses consist of this code.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Relationship marketing and customer loyalty. How can this be applied in a real-world, professional context?

some research survey question that relates to coop housing

The elements of the marketing strategy

Answer 2

Question

Chapter 6, Problem 6.13AC

Summary Introduction

Case summary:

NAICS-The North American Industry Classification System code is a very valuable one for the marketers. It replaces the SIC-old product-based Standard Industrial Classification system which was introduced in the year 1930s. The system NAICS categories the business by the process of production, well reflecting changes in the economy, mainly in the area of technology and service industry.

It was formed jointly by the Country U, Country C, and Country M in the year 1997 in concert with the NAFTA-North American Free Trade Agreement by offering a common classification system for these countries and well compatibility with the ISIC-International Standard Industrial Classification system. The 6 digit number is a vital to understand the business markets. The 6 digits can also be seven or ten in some cases.

Characters in the case:

Country U

Country C

Country M

System NAICS

System SIC

To discuss: The representation of 6 six digits of NAICS code and the industry which is denoted by the code of NAICS 721110 and the number of businesses consist of this code.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 6, Problem 6.13AC

Summary Introduction

Case summary:

NAICS-The North American Industry Classification System code is a very valuable one for the marketers. It replaces the SIC-old product-based Standard Industrial Classification system which was introduced in the year 1930s. The system NAICS categories the business by the process of production, well reflecting changes in the economy, mainly in the area of technology and service industry.

It was formed jointly by the Country U, Country C, and Country M in the year 1997 in concert with the NAFTA-North American Free Trade Agreement by offering a common classification system for these countries and well compatibility with the ISIC-International Standard Industrial Classification system. The 6 digit number is a vital to understand the business markets. The 6 digits can also be seven or ten in some cases.

Characters in the case:

Country U

Country C

Country M

System NAICS

System SIC

To discuss: The representation of 6 six digits of NAICS code and the industry which is denoted by the code of NAICS 721110 and the number of businesses consist of this code.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 6, Problem 6.13AC

Summary Introduction

Case summary:

NAICS-The North American Industry Classification System code is a very valuable one for the marketers. It replaces the SIC-old product-based Standard Industrial Classification system which was introduced in the year 1930s. The system NAICS categories the business by the process of production, well reflecting changes in the economy, mainly in the area of technology and service industry.

It was formed jointly by the Country U, Country C, and Country M in the year 1997 in concert with the NAFTA-North American Free Trade Agreement by offering a common classification system for these countries and well compatibility with the ISIC-International Standard Industrial Classification system. The 6 digit number is a vital to understand the business markets. The 6 digits can also be seven or ten in some cases.

Characters in the case:

Country U

Country C

Country M

System NAICS

System SIC

To discuss: The representation of 6 six digits of NAICS code and the industry which is denoted by the code of NAICS 721110 and the number of businesses consist of this code.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 6, Problem 6.13AC

Summary Introduction

Case summary:

NAICS-The North American Industry Classification System code is a very valuable one for the marketers. It replaces the SIC-old product-based Standard Industrial Classification system which was introduced in the year 1930s. The system NAICS categories the business by the process of production, well reflecting changes in the economy, mainly in the area of technology and service industry.

It was formed jointly by the Country U, Country C, and Country M in the year 1997 in concert with the NAFTA-North American Free Trade Agreement by offering a common classification system for these countries and well compatibility with the ISIC-International Standard Industrial Classification system. The 6 digit number is a vital to understand the business markets. The 6 digits can also be seven or ten in some cases.

Characters in the case:

Country U

Country C

Country M

System NAICS

System SIC

To discuss: The representation of 6 six digits of NAICS code and the industry which is denoted by the code of NAICS 721110 and the number of businesses consist of this code.

Answer 6

Chapter 6, Problem 6.13AC

Summary Introduction

Case summary:

NAICS-The North American Industry Classification System code is a very valuable one for the marketers. It replaces the SIC-old product-based Standard Industrial Classification system which was introduced in the year 1930s. The system NAICS categories the business by the process of production, well reflecting changes in the economy, mainly in the area of technology and service industry.

It was formed jointly by the Country U, Country C, and Country M in the year 1997 in concert with the NAFTA-North American Free Trade Agreement by offering a common classification system for these countries and well compatibility with the ISIC-International Standard Industrial Classification system. The 6 digit number is a vital to understand the business markets. The 6 digits can also be seven or ten in some cases.

Characters in the case:

Country U

Country C

Country M

System NAICS

System SIC

To discuss: The representation of 6 six digits of NAICS code and the industry which is denoted by the code of NAICS 721110 and the number of businesses consist of this code.

Answer 7

Chapter 6, Problem 6.13AC

Summary Introduction

Case summary:

NAICS-The North American Industry Classification System code is a very valuable one for the marketers. It replaces the SIC-old product-based Standard Industrial Classification system which was introduced in the year 1930s. The system NAICS categories the business by the process of production, well reflecting changes in the economy, mainly in the area of technology and service industry.

It was formed jointly by the Country U, Country C, and Country M in the year 1997 in concert with the NAFTA-North American Free Trade Agreement by offering a common classification system for these countries and well compatibility with the ISIC-International Standard Industrial Classification system. The 6 digit number is a vital to understand the business markets. The 6 digits can also be seven or ten in some cases.

Characters in the case:

Country U

Country C

Country M

System NAICS

System SIC

To discuss: The representation of 6 six digits of NAICS code and the industry which is denoted by the code of NAICS 721110 and the number of businesses consist of this code.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 6 - Prob. 6.1DQ Ch. 6 - Prob. 6.2DQ Ch. 6 - Prob. 6.3DQ Ch. 6 - Prob. 6.4DQ Ch. 6 - Prob. 6.5DQ Ch. 6 - Prob. 6.6CTE Ch. 6 - Prob. 6.7CTE Ch. 6 - Prob. 6.9AC Ch. 6 - Prob. 6.10AC Ch. 6 - Prob. 6.11AC

Solution Summary: The author explains the NAICS-North American Industry Classification System, which replaces the SIC-old product-based standard industrial classification system introduced in the 1930s.

Concept explainers

Want to see the full answer?

Chapter 6 Solutions