Which of the Following Statements Is True of the North

question 43

Multiple Choice

Which of the following statements is true of the North American Industry Classification System (NAICS) ?

• A)​Each classification group in NAICS is heterogeneous in terms of the components used.
• B)The geographic dispersion of firms cannot be identified with the help of NAICS.
• C)The more the digits in a NAICS code, the more homogeneous the group.
• D)​Goods- or service-producing firms grouped under NAICS use different production processes.

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Definitions:

SPIN Approach

A sales technique based on asking Situation, Problem, Implication, and Need-payoff questions to understand a prospect's needs and propose solutions effectively.

Retail Salesperson

This individual sells goods or services to customers for their personal, nonbusiness use.

Direct Question

A straightforward query aimed at receiving a specific piece of information from the respondent.

Participative

Participative refers to a style or approach that involves taking into account or involving input from all those who are affected by or have an interest in a particular decision or policy.