What does NAICS stand for?

• A. North American Industry Classification System
• B. North American Industrial Code System
• C. National Association of Industry Classification System
• D. North American Integrated Classification System

Answer: (A)

NAICS stands for North American Industry Classification System. It’s the standard used by statistical agencies in the United States, Canada, and Mexico to classify business establishments by the type of activity they engage in. The name reflects that it’s a system for classifying industries across North America, not a particular organization or code set. It replaced the older SIC system and is built to group similar economic activities together for reliable comparison and analysis. The correct phrase matches the official name exactly. The other options alter a key word or refer to a different kind of entity, which is why they aren’t correct.