MANAGEMENT

BUISENESS MANAGEMENT

MARKETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The numeric system used to classify businesses and collect economic stats is called the ____
A
Bureau of Labor Statistics (BLS)
B
economic indicators
C
North American Industry Classification System (NAICS)
D
employer identification number (EIN)
Explanation: 

Detailed explanation-1: -The North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy.

Detailed explanation-2: -To determine the NAICS code for your business, go to NAICS on the U.S. Census Bureau’s website.

Detailed explanation-3: -NAICS: North American Industry Classification System This system is the standard used by federal statistical agencies for classifying businesses for the purpose of collecting, analyzing, and publishing data related to the U.S. economy.

Detailed explanation-4: -NAICS (pronounced nakes) is a system for classifying North American business establishments. The system, developed jointly by the United States, Canada, and Mexico, provides a common industry classification system for the North American Free Trade Agreement (NAFTA) partners.

There is 1 question to complete.