The definition of an industry following the Standard Industrial Classification (SIC) is based on the qualities that consumers attribute to products.

Name: The definition of an industry following the Standard Industrial Classification (SIC) is based on the qualities that consumers attribute to products.
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

The Standard Industrial Classification (SIC) system is based on the nature of the economic activities being performed by a business, not on the qualities that consumers attribute to products.

The Definition of an Industry Following the Standard Industrial Classification