Imagine you are the research director of a major industrial marketing firm. You need to select an NAICS code that defines the most homogeneous group of companies in a particular group of highly competitive companies. Which of the following codes might you use?

Question

Quizplus · Accepted Answer

The North American Industry Classification System (NAICS) uses a hierarchical structure. A code with more digits is more specific, thus defining a more homogeneous group of companies. Among the options, "7432" is the most detailed code, indicating a more narrowly defined industry group.

Imagine You Are the Research Director of a Major Industrial