The North American Industry Classification System Essay

North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy. NAICS was developed under the auspices of the Office of Management and Budget (OMB), and adopted in 1997 to replace the Standard Industrial Classification (SIC) system. It was developed jointly by the U.S. Economic Classification Policy Committee

Learning. (www.neuroleadership.com, n.d.) North American Industry Classification System (NAICS) The industry in which NLI competes is defined as management consulting (NAICS 54161). The role of a management consultant is to provide advisory services to businesses, non-profits and public sector agencies to assist in organizational design, corporate strategy, information technology strategy, marketing and sales and logistics. The primary activities of the industry are administrative and general management

with other information. Since they are often compared with industry data, ratios help managers understand their company's performance relative to that of

liabilities, profits, and losses. Ratios are only meaningful when compared with other information. Since they are often compared with industry data, ratios help managers understand their company's performance relative to that

Industry Background SIC and NAICS An industry as complex as the Food and Non-Alcoholic beverages industry must be coded by organizing smaller sub-categories when referencing the Standard Industrial Classification (SIC) system and the North American Industry Classification System (NAICS). These systems categorize industries using codes to aid in analytical research for Federal statistical agencies. (United States Census Bureau, 2012). A quick search using key words or the actual code will allow the

NACIS stands for North American Industry Classification System. NAICS is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy. In other words the NAICS is the way federal agencies classify or group similar businesses. A NAICS code is a 2-6 digit number used to help classify the business. Each of the numbers means something in the system. The first two

are continuing to help in employing people. Women are also becoming active in the entrepreneurship world and they contribute their different style compared to men entrepreneurs. Some women entrepreneurs are confident to thrive in a male-dominated industry while other women entrepreneurs cater to other women and their concerns, needs and wants. In both aspects, women play the game and they have the chance to be successful. Women are slowly taking the path of entrepreneurship and most often make the

The Motorcycle Industry Definition Motorcycles fall into the category called Recreational Vehicle, Motorcycle and Boat Retail Industry. These are companies that retail recreational vehicles, boats, motorcycles, jet skis, and/or related accessories. In Hoover’s classification, based on the North American Industry Classifications System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system, motorcycles fall under a smaller subcategory called Motorcycle, ATV, and Personal

flavors and products” (Jack in the Box Inc., 2014). The meal is prepared in full view, providing the opportunity for the customer to customize their meal specific to their taste preference. Under the United States Census Bureau’s North American Industry classification system, Jack in the Box, Inc. is classified as “722513 Limited-Service Restaurants.” Under the

demanding luxury at mid-level prices and decided to use this trend to its advantage by appealing to these middle-income Americans. Tiffany did this by adding less expensive items to its collection, including more sterling silver, which appeals to younger women as some items retail for as low as $100. Demographic: Tiffany’s is always on the lookout for new customers. With 71 million Americans born between 1977 and 1994, there is a new generation entering adulthood. This segment spends over $36.3 billion