The system for grouping businesses that grew out of the NAFTA accord is known as the:

Question

Quizplus · Accepted Answer

The correct system for grouping businesses that grew out of the NAFTA accord is the North American Industry Classification System (NAICS). It replaced the Standard Industrial Classification System (SIC) in 1997 and is now the standard used by statistical agencies in the United States, Canada, and Mexico to classify businesses for the purpose of collecting, analyzing, and publishing statistical data related to the North American economy.

The System for Grouping Businesses That Grew Out of the NAFTA