Which of the Following Statements Is True of the North

question 50

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 an 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:

Forward Integration

A business strategy where a company gains ownership or increased control over its distributors or retailers.

Apple

A leading technology company known for its innovation in consumer electronics, software, and services.

Apple Retail Stores

Retail locations operated by Apple Inc., focused on selling and supporting Apple products, offering a unique shopping experience.

Forward Integration

A business strategy where a company extends its activities to take control of its distributions, such as a manufacturer opening retail outlets.