Which of the following statements about NAICS codes is TRUE?
A) The letters in NAICS stand for National Assortments in Commercial Stores.
B) Retailers with the same NAICS codes are likely to compete against each other.
C) A retailer's principal competitor is seldom,if ever,in the same NAICS category.
D) The NAICS code categorizes businesses according to an 8-digit classification system.
E) The classifications for retail firms are based upon the location of the store fronts.
Correct Answer:
Verified
Q3: Each different item of merchandise in a
Q4: New retail formats are created and evolve
Q5: Because the only merchandise categories at the
Q6: Prescription pharmaceuticals account for over half or
Q6: Walmart is classified as an off-price retailer.
Q9: Hispanics have significantly different shopping and eating
Q10: What is the word used to describe
Q11: To be competitive in today's marketplace,Supermarkets are
Q12: Variety is often referred to as the
Q16: Supermarkets gain higher profit margins from private-label
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents