An efficient method of estimating area market potentials makes use of the ________, developed by the U.S. Bureau of the Census in conjunction with the Canadian and Mexican governments. It classifies all manufacturing into 20 major industry sectors and further breaks each sector into a six-digit, hierarchical structure.
A) Thomson Reuters Business Classification
B) Global Industrial Classification Standard
C) North American Product Classification System
D) Industry Classification Benchmark
E) North American Industry Classification System

Question

Quizplus · Accepted Answer

The North American Industry Classification System (NAICS) is the classification system developed by the U.S. Bureau of the Census in conjunction with the Canadian and Mexican governments, which breaks down manufacturing into 20 major industry sectors and further into a six-digit, hierarchical structure. This system provides an efficient method of estimating area market potentials.

An Efficient Method of Estimating Area Market Potentials Makes Use