NAICS Codes ___________

question 42

Multiple Choice

NAICS codes ___________.

• A)List the primary output of the business
• B)Give each business only one code
• C)Are used across the United States, Mexico, and Canada
• D)Define 20 major business sectors
• E)All of these

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Definitions:

Weekend Getaway

A short trip taken for leisure, typically over a weekend period, to relax and escape from routine.

Inverse Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded, where the price is on the vertical axis and quantity on the horizontal axis.

Marginal Costs

The extra expense associated with manufacturing an additional unit of a product or service.

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on their willingness to pay.