The North American Industry Classification System or NAICS (pronounced "nakes") is used by business and government to classify business establishments according to type of economic activity (process of production) in Canada, Mexico and the United States. It has largely replaced the older Standard Industrial Classification (SIC) system; however, certain government departments and agencies, such as the U.S. Securities and Exchange Commission (SEC), still use the SIC codes.
An establishment is typically a single physical location, though administratively distinct operations at a single location may be treated as distinct establishments. Each establishment is classified to an industry according to the primary business activity taking place there. NAICS does not offer guidance on the classification of enterprises (companies) which are composed of multiple establishments.
Read more about North American Industry Classification System: Codes, History, NAICS 2007 Sectors, Bibliography
Famous quotes containing the words north american, north, american, industry and/or system:
“The compulsion to do good is an innate American trait. Only North Americans seem to believe that they always should, may, and actually can choose somebody with whom to share their blessings. Ultimately this attitude leads to bombing people into the acceptance of gifts.”
—Ivan Illich (b. 1926)
“The Bostonians are really, as a race, far inferior in point of anything beyond mere intellect to any other set upon the continent of North America. They are decidedly the most servile imitators of the English it is possible to conceive.”
—Edgar Allan Poe (1809–1845)
“Being American is to eat a lot of beef steak, and boy, we’ve got a lot more beef steak than any other country, and that’s why you ought to be glad you’re an American. And people have started looking at these big hunks of bloody meat on their plates, you know, and wondering what on earth they think they’re doing.”
—Kurt Vonnegut, Jr. (b. 1922)
“The reason American cars don’t sell anymore is that they have forgotten how to design the American Dream. What does it matter if you buy a car today or six months from now, because cars are not beautiful. That’s why the American auto industry is in trouble: no design, no desire.”
—Karl Lagerfeld (b. 1938)
“The human body is not a thing or substance, given, but a continuous creation. The human body is an energy system ... which is never a complete structure; never static; is in perpetual inner self-construction and self-destruction; we destroy in order to make it new.”
—Norman O. Brown (b. 1913)