NAICS Data Are Helpful for Analyzing,segmenting,and Targeting Markets

question 138

Multiple Choice

NAICS data are helpful for analyzing,segmenting,and targeting markets.The system was developed by:

• A) large manufacturers in United States and Mexico that produce similar goods
• B) the North American Free Trade Agreement partners
• C) Brazil,Chile,Argentina,Canada,and the United States working together in a joint venture
• D) the SIC committee
• E) the U.S.government

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Definitions:

Tariff

A levy placed by a government on goods entering or leaving the country to control trade and safeguard local industries.

Quota

A government-imposed limit on the amount or value of goods that can be imported or exported during a specific time frame.

Labor-Intensive

A process or industry that requires a large amount of labor to produce its goods or services, often necessitating significant workforce employment.

Textile Products

Goods produced by weaving, knitting, or felting fibers, including clothing, towels, and bedding.