The North American Industry Classification System (NAICS) designates industries with a numerical code in a defined structure. A six-digit coding system is used. The third digit designates
A) an industry subsector.
B) an industry group.
C) a specific industry.
D) an individual country-level national industry.
E) a sector of the economy.

Question

Quizplus · Accepted Answer

The third digit in the NAICS code represents an industry subsector. The NAICS coding system is structured such that the first two digits designate the sector, the third digit designates the subsector, the fourth digit designates the industry group, the fifth digit designates the NAICS industry, and the sixth digit designates the national industry.

The North American Industry Classification System (NAICS) Designates Industries with a Numerical