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:

Normalisation

The process of adjusting financial or other measurable data to eliminate the effect of certain variables, making them comparable in a different context.

Competitive Benchmarking

A process where a company compares its products or services against those of its competitors to identify areas for improvement.

External Benchmarking

The process of comparing a company's performance, products, or processes against those of leading competitors or industry standards.

Process Benchmarking

Examining and measuring business procedures and performance measures against top industry benchmarks or exemplary practices from different firms.