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)
“There are no whole truths; all truths are half-truths. It is trying to treat them as whole truths that plays the devil.”
—Alfred North Whitehead (1861–1947)
“My wish for the American woman is that she may always be an elevating influence—man’s inspiration. Let him go forth to duty while she weaves the spell which makes home a paradise to which he may return, ever welcome, whether he is victor or vanquished.”
—Rutherford Birchard Hayes (1822–1893)
“The development of civilization and industry in general has always shown itself so active in the destruction of forests that everything that has been done for their conservation and production is completely insignificant in comparison.”
—Karl Marx (1818–1883)
“My advice to people today is as follows: If you take the game of life seriously, if you take your nervous system seriously, if you take your sense organs seriously, if you take the energy process seriously, you must turn on, tune in, and drop out.”
—Timothy Leary (b. 1920)