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The North American Industry Classification System or NAICS (/ n eɪ k s /) [1] is a classification of business establishments by type of economic activity (the process of production). It is used by governments and business in Canada , Mexico , and the United States of America .
The results of this survey are tabulated according to the NAICS and provide statistics about the U.S. economy. The most recent data are from 2007. [ 2 ] The 2012 Economic Census is underway with the initial results to be available in December 2013.
In the United States, the Small Business Administration establishes small business size standards on an industry-by-industry basis but generally specifies a small business as having fewer than 500 employees for manufacturing businesses and less than $7.5 million in annual receipts for most non-manufacturing businesses.
Australian and New Zealand Standard Industrial Classification: Governments of Australia and New Zealand 1993, 2006 BICS Bloomberg Industry Classification Standard [2] Bloomberg L.P. 10/.../2294 GICS Global Industry Classification Standard: Standard & Poor's, MSCI: market/ company 2-8 digits 11/24/69/158 1999–present (2018) HSICS
The Standard Industrial Classification (SIC) is a system for classifying industries by a four-digit code as a method of standardizing industry classification for statistical purposes across agencies. Established in the United States in 1937, it is used by government agencies to classify industry areas.
Small and medium enterprises that invested in becoming more digital as a response to COVID-19 and received public financial support over the past three years. Small companies are important to the European economy as they account for 99.8% of non-financial enterprises in the European Union (EU) and employ two-thirds of the workforce in the EU.
The dominant business segmentation variables are those associated with an NAICS or SIC code. NAICS refers to the North American Industry Classification System adapted by the U.S. Census bureau in 1997. SIC refers to the older Standard Industrial Classification system that was established in 1937.
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organizations such as the World Bank, the OECD, European Union, the United Nations, and the World Trade Organization (WTO).
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