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What are the industry classifications？

幫考網(wǎng)校2020-10-10 17:13:15

Industry classifications are systems used to categorize businesses based on their type of economic activity. These classifications help to organize data and statistics, facilitate comparisons between companies and industries, and provide a framework for regulatory and policy decisions. Some common industry classifications include:

1. North American Industry Classification System (NAICS): used in the United States, Canada, and Mexico to classify businesses based on their primary economic activity.

2. International Standard Industrial Classification (ISIC): used by the United Nations to classify economic activities worldwide.

3. Standard Industrial Classification (SIC): used in the United States to classify businesses based on their primary economic activity.

4. Global Industry Classification Standard (GICS): used by financial analysts and investors to classify companies based on their industry sector.

5. Australian and New Zealand Standard Industrial Classification (ANZSIC): used in Australia and New Zealand to classify businesses based on their primary economic activity.

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