The North American Industry Classification System (NAICS)
A) will soon be replaced by the strategic industrial classification (SIC).
B) is published by the North American Treaty Alliance.
C) organizes all industries in the economy into 20 broad sectors.
D) has little relevance for marketers that use direct mail.
E) is top secret and cannot be shared with outsiders.

Question

Quizplus · Accepted Answer

The North American Industry Classification System (NAICS) organizes all industries in the economy into 20 broad sectors, making choice C the correct answer. Choices A, B, D, and E are incorrect. NAICS is not being replaced by the strategic industrial classification (SIC), which is a system used in Canada, nor is it published by the North American Treaty Alliance. NAICS is relevant for marketers that use direct mail, as it allows them to target specific industries and businesses. Finally, NAICS is not top secret and can be accessed by anyone.