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Product classification or product taxonomy is a type of economic taxonomy which organizes products for a variety of purposes. However, not only products can be referred to in a standardized way but also sales practices in form of the “Incoterms” and industries can be classified into categories. [1] Some standard product classifications include:
An economic taxonomy is a system of classification of economic activity, including products, companies and industries. Some economists believe that the study of economic policy demands the use of a taxonomic/classificatory approach.
The Refinitiv Business Classification: Refinitiv: market/ company 10 digits 13/33/62/154/898 [7] 2004, 2008, 2012, 2020 [8] UKSIC United Kingdom Standard Industrial Classification of Economic Activities: Government of the United Kingdom 1948–present (2007) UNSPSC United Nations Standard Products and Services Code: United Nations: Product
Originally, taxonomy referred only to the classification of organisms on the basis of shared characteristics. Today it also has a more general sense. It may refer to the classification of things or concepts, as well as to the principles underlying such work. Thus a taxonomy can be used to organize species, documents, videos or anything else.
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Taxonomy can be defined as the study of classification including its principles, procedures and rules, [36]: 8 while classification itself is the ordering of taxa (the objects of classification) into groups based on similarities or differences.
06.1 Medicines and health products 06.2 Outpatient care services 06.3 Inpatient care services 06.4 Other health services 07 Transport 07.1 Purchase of vehicles 07.2 Operation of personal transport equipment 07.3 Passenger transport services 07.4 Transport services of goods 08 Information and communication 08.1 Information and communication ...
Taxonomy may refer to either a hierarchical classification of things, or the principles underlying the classification, ...