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The North American Industry Classification System or NAICS (/ n eɪ k s /) [1] is a classification of business establishments by type of economic activity (the process of production). It is used by governments and business in Canada , Mexico , and the United States of America .
NAICS North American Industry Classification System: Governments of the United States, Canada, and Mexico production/ establishment 6 digits 17/99/313/724/1175 (/19745) 1: 1997, 2002, 2012, 2017, 2022 RBICS FactSet Revere Business Industry Classification System FactSet, acquired in 2013 [6] line of business 11000 SIC Standard Industrial ...
The Census Bureau releases sector-by-sector statistics on the number of establishments, total business activity, annual payroll, and number of paid employees. A standardized classification of the economy into sectors makes it possible to compare census results over time.
Industrial classifications organize economic activity in general, and economic organizations (companies, non-profit organizations, etc.) in particular, into categories generally called "sectors" or "industries", typically defined by the kind of product or service produced.
Merchant code range. Business type. 0001–1499. Agricultural services. 1500–2999. Contracted services. 4000–4799. Transportation services. 4800–4999. Utility ...
NAICS replaced the four-digit SIC code with a six-digit code, and it provided more flexibility in handling emerging industries (for example, the NAICS system more generally allows for "Other..." categories across industry groups). The new codes were implemented in Canada and the United States in 1997 and in Mexico one year later.
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A business opportunity (or bizopp) involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business. The licensor or seller of a business opportunity usually declares that it will secure or assist the buyer in finding a suitable location or provide the product to the purchaser-licensee.