The NAICS Code Helps in Geodemographic Segmentation Programs

question 133

True/False

The NAICS code helps in geodemographic segmentation programs.

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Definitions:

Horizontal Structuring

An organizational structure that emphasizes teamwork and collaboration across departments, reducing hierarchies and fostering a more democratic working environment.

Multinational Conglomerate

A multinational conglomerate is a large corporation that owns a number of different companies in various industries and operates in multiple countries.

Downturn

A decline in economic activity or business performance, often signaled by reduced spending, investment, or employment.

Greenfield Venture

A Greenfield venture is a type of foreign direct investment where a parent company starts a new venture in a foreign country by constructing new operational facilities from the ground up.