Question

Describe how a business is classified within an industry. Explain the current system used to do this in the United States.

Answer 1

Oh...sry I hv no idea abt the case in the US .. Try tagging someone else

Answer 2

can u answer the first one?

Answer 3

Wait i''l try

Answer 4

ok thank u.

Answer 5

So as far as the knowledge i have earned from wikipedia is that a standard industrial classification is a system for classifying industries by a four-digit code, and it was started in the US. The first 3 digits of the SIC code indicate the industry group, and the first two digits indicate the major group.

Answer 6

For example : 0100 till 0999 indicate Agri, Forestry and fishing

Answer 7

1000 till 1499 is the division Mining

Answer 8

ok thank u!

Answer 9

Is it satisfactory?

Answer 10

This is the current system in United States

Answer 11

@surryyy

Answer 12

yea sorry im here.

Answer 13

Just expand this and answer it completely. This is the same system in us

Answer 14

There are a lot of SIC codes

Answer 15

ok i understand. thnx!

Answer 16

Good luck! For more information i suggest you to go through this link:
http://siccode.com/en/pages/what-is-a-sic-code
HAppy OpenStudying!