Imagine you are the research director of a major industrial marketing firm.You
Need to select an NAICS code that defines the most homogenous 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) codes are hierarchical, with the level of detail and specificity increasing with the length of the code. A longer code, such as 7432, defines a more specific and therefore more homogenous group of companies compared to shorter codes.

Imagine You Are the Research Director of a Major Industrial