<P> 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 of America . 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 . </P>
<P> 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 of America . 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 . </P>
what is the purpose of the naics classification system
what is the purpose of the naics classification system
to classify business establishments according to type of economic activity ( process of production ) in Canada , Mexico , and the United States of America
to classify business establishments according to type of economic activity ( process of production ) in Canada , Mexico , and the United States of America