NAICS:
A) Is an on-package series of thick and thin lines readable by check-out scanners
B) Is a number used to identify an item in a company's inventory
C) Is a classification scheme used by retailers in Canada to monitor after-tax profits
D) Is a classification scheme where every North American business is assigned a 6-digit code
E) None of these

Question

Quizplus · Accepted Answer

NAICS stands for North American Industry Classification System, which assigns a 6-digit code to businesses in North America for statistical purposes.