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Entrepreneurship

Company & Industry Information

NAICS stands for North American Industry Classification System and SIC stands for Standard Industrial Classification.  

NAICS started replacing SIC in 1997 because of the need for expanded classifications.

NAICS: NAICS stands for North American Industry Classification System.  Utilized by a large number of business and economic resources, knowing your NAICS code can help you streamline your search and pinpoint the resources that will be the most useful for your research.  NAICS codes are searchable on-line through the US Census Bureau's site.  http://www.census.gov/eos/www/naics/

SIC: SIC stands for Standard Industrial Classification.  It was created by the US government as a way to put different business activities into categories.  SIC codes were replaced by NAICS codes but many resources still refer to and use them. http://www.census.gov/epcd/www/sic.html


SITC: SITC stands for Standard International Trade Classification. If you are looking for information and data related to trade (exports and imports) on a global scale, you may want to identify the SITC code for the trade to improve your ability to make comparisons and locate specific information.  http://unstats.un.org/unsd/trade/sitcrev4.htm

Database Thesauri: While you search make sure you pay attention to the subject terms and keywords assigned to the resources you find the most useful.  Also check the resource you are using to see if it offers a thesaurus.  If you are having trouble finding your search terms by using your own keywords, check the thesaurus to see how the resource has classified the topic you are interested in.