DOCSLIB.ORG

Introducing the North American Industry Classification System

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Introducing the North American Industry Classification System Technical Note Introducing the North on communications resellers, database rental stores, and plastic bottle manufac- American Industr y publishers, Internet service providers, or turers, for example, were introduced for electronic publishers. NAICS identifies the first time in 1987. Classif ica tion System these and other emerging economic ac- The 1987 revision left 75 percent of tivities that do not easily fit into the cur- the industries unchanged, however, and John B. Murphy rent SIC structure. the basic structure of the system was left Although converting to NAICS will largely intact. Also, while the SIC system In 1997, the Office of Management and provide many advantages, the transition adequately reflects the manufacturing Budget (OMB) announced the adoption to the new system also will create some sector of the economy, it provides insuf- of a new standardized system for classi- difficulties for data collectors and users. ficient detail for the services sector. fying industries—the North American In- Breaks will occur, for example, in many Newly developed industries in informa- 1 dustry Classification System (NAICS). time series that are based on the SIC sys- tion services, health care provision, and NAICS will replace the Standard Indus- tem. This report provides a brief over- even high-tech manufacturing cannot be trial Classification (SIC) system and thus view of NAICS—covering its background, adequately studied under the current SIC represents one of the most profound development, principles, structure, and system because they are not separately changes for government statistical pro- implementation—and also discusses identified at the most basic level of ag- 2 grams since the 1930s. Although the some of the issues that data collectors and gregation, the industry level. current system has been revised and up- users must face as more and more gov- Another shortcoming of the U.S. SIC dated periodically, the basic structure has ernment and private statistical programs system was that it was not strictly com- remained intact since its inception. The convert to the new system. parable with its counterparts in Canada NAICS revision is much broader—many and Mexico. To address this problem, more industries are identified under the Background representatives from all three Nations new system, and they are organized on worked cooperatively to develop NAICS. the basis of their production activities Over the course of its economic history, The new system makes it possible to cre- (supply) alone, as opposed to the mix- the United States has gone from a largely ate comparable economic statistics from ture of supply and demand characteris- agrarian economy in its earliest period, the three NAFTA trading partners. tics used to classify industries under the to one based more on manufacturing fol- SIC. NAICS also seeks to standardize the lowing the Industrial Revolution, to the NAICS development classification systems of the three part- current, more services-oriented economy ners to the North American Free Trade of the late 20th century. To better accom- The development of NAICS began at the Agreement (NAFTA), the United States, modate the many new manufacturing in- International Conference on the Classi- Canada, and Mexico. dustries and other changes that had oc- fication of Economic Activities held in Industrial classification systems pro- curred in the early 1900s, the Standard Williamsburg, Virginia, in 1991. In 1992, vide the structure for collecting and ag- Industrial Classification (SIC) system was OMB established the Economic Classifi- gregating economic data, as well as for developed in the 1930s. The SIC system cation Policy Committee (ECPC)— analyzing, presenting, and disseminating provided a consistent framework for as- chaired by the Bureau of Economic such data. Economic changes that have signing descriptive industry codes to each Analysis, and with representatives from taken place in the last several decades— establishment, as well as for the subse- the Bureau of Labor Statistics and the Bu- such as the movement toward a more ser- quent collection, tabulation, and analy- reau of the Census—to study alternate vices-oriented economy, the increased sis of economic statistics by government economic concepts (supply versus de- use of computers and other new technol- agencies and private research firms. mand) by which to categorize industries ogy, and globalization—have precipi- Since its inception, the SIC system has and to recommend changes to the SIC tated the need for a new system of indus- been revised and updated periodically, system. In 1994, the ECPC chartered six trial classification. Twenty years ago, for about every 10 or 15 years. The most re- subject-matter subcommittees and a Co- example, there was no need for statistics cent revision took place in 1987, when a ordinating Committee to propose the number of new high technology indus- structure of NAICS. The subject-matter tries were identified, especially within subcommittees were charged with re- John Murphy is a supervisory economist in the Division of Occupational and Administrative Sta- computer-related services. Categories for viewing current industries and evaluat- tistics, Bureau of Labor Statistics. computer and software stores, video tape ing proposals for new NAICS industries Monthly Labor Review July 1998 43 Technical Note similar in the eyes of customers or users Exhibit 1. NAICS structure and SIC structure compared of the product or service. Others, how- ever, were based more on supply group- NAICS SIC ings. NAICS is the first industrial classifi- Sector (two-digit) Division (letter) cation system used in the United States Subsector (three-digit) Major group (two-digit) to employ a unified economic concept Industry group (four-digit) Industry group (three-digit) to define industries. Under the new sys- NAICS international industry (five-digit) Industry (four-digit) tem, industries are classified on the ba- National industry (six-digit) sis of their production or supply func- tion—establishments using similar raw NAICS sectors SIC divisions material inputs, capital equipment, and 11 Agriculture, forestry, fishing A. Agriculture, forestry, and fishing labor are classified in the same industry. and hunting B. Mining This approach creates more homoge- 21 Mining C. Construction neous categories that are better suited for 22 Utilities D. Manufacturing economic analysis. 23 Construction E. Transportation, communications, Four primary concepts were used in 31-33 Manufacturing electric, gas, and sanitary services the development of NAICS. First, a pro- 42 Wholesale trade F. Wholesale trade duction-oriented conceptual framework 44-45 Retail trade G. Retail trade was used—as described earlier, estab- 48-49 Transportation and warehousing H. Finance, insurance, and real estate lishments engaged in similar production 51 Information I. Services activities are classified together. Second, 52 Finance and insurance J. Public administration new categories in NAICS focus on emerg- 53 Real estate and rental and leasing K. Nonclassifiable establishments ing industries, services in general, and 54 Professional, scientific and industries that produce advanced tech- technical services nology. Third, as much as possible, con- 55 Management of companies and tinuity with the former system was main- enterprises tained to avoid breaks in time series. 56 Administrative and support, waste management and remediation However, because of differences in the services classification systems formerly used by 61 Educational services the United States, Canada, and Mexico, 62 Health care and social assistance many changes were needed to make them 71 Arts, entertainment, and recreation comparable. Thus, some breaks in time 72 Accommodations and food services series were unavoidable. Finally, the de- 81 Other services (except public velopers of NAICS strove for compatibil- administration) ity with the two-digit level of the Inter- 92 Public administration national Standard Industrial Classifica- 99 Unclassified establishments tion of All Economic Activities.4 Structur e of NAICS on the basis of production or supply- committees negotiated the structure of based activities, as opposed to the former NAICS with their counterparts in Canada While NAICS uses a hierarchical structure system that used a mixture of production and Mexico during 1995 and 1996. The much like the existing SIC, there are a and marketing (demand-based) activities adoption of the new classification sys- number of important structural differ- as criteria for categorization. tem was announced by OMB in a notice ences. For example, NAICS uses a six- To notify the public and evaluate their published in the Federal Register of digit classification code which allows response, the proposed changes were April 9, 1997.3 greater flexibility in the coding structure. published in a series of Federal Register The SIC system was limited to only four notices from 1994 through 1996. In these Principles of NAICS digits. Another important difference is notices, the ECPC solicited the help and that NAICS uses the first two digits of the advice of U.S. Government agencies, The former SIC system used a mixture of six-digit code to designate the highest trade associations, data producers and concepts to categorize economic activ- level of aggregation, with 21 such two- users, researchers, academics, and the ity. Some categories were based on de- digit industry sectors under the new sys- general public. The subject-matter sub- mand groupings,
Load more

Recommended publications
  • Guide to Industry Classifications for International Surveys, 2012
    U.S. DEPARTMENT OF COMMERCE Bureau of Economic Analysis GUIDE TO INDUSTRY CLASSIFICATIONS FOR INTERNATIONAL SURVEYS, 2012 Industry classifications adapted from the 2012 North American Industry Classification System (NAICS) BE-799 (REV. 2-2012) Cover prints on Blue index, 110 sub INDUSTRY CLASSIFICATIONS The international surveys industry (ISI) classifications described here are to be used when completing the industry classifications items in BEA’s surveys of direct investment and services. The classifications and their code numbers were adapted by BEA from the 2012 North American Industry Classification System (hereafter referred to as the “2012 NAICS”). Industry classifications in the previous version of this guide were adapted from the 2007 North American Industry Classification System. Changes to ISI codes Reflecting the changes made to the NAICS for 2012, the new 2012 ISI classifications differ minimally from the 2007 ISI classifications. The table below summarizes the few reclassifications of activities that use a different ISI code from 2007: From: 2007 International Surveys To: 2012 International Surveys Industry Industry Activity that is reclassified Name Code Name Code MANUFACTURING Wood television, radio, and sewing Furniture and related 3370 Wood products manufacturing 3210 machine cabinet manufacturing products manufacturing (part) (part) Digital camera manufacturing Computer and peripheral 3341 Commercial and service industry 3333 equipment manufacturing (part) machinery manufacturing (part) WHOLESALE TRADE Gas household
    [Show full text]
  • U.S. Meatpacking: Dynamic Forces of Change in a Mature Industry
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Research Papers in Economics 1st Quarter 2011 | 26(1) U.S. MEATPACKING: DYNAMIC FORCES OF CHANGE IN A MATURE INDUSTRY Brian L. Buhr and Bruce Ginn JEL Classifications: Q13, Q18, L11, L22, L2, L66 Keywords: Meatpacking, Five Forces, Competition, Supply Chain, Vertical Coordination, Relevant Markets Meatpacking in the United States is a mature industry. Overall domestic per capita meat consumption levels have been stable for the past 25 years. As typical of mature industries, meatpackers compete by reducing costs through technical change, increasing in size and scope through acquisition or vertical coordination and by expanding into developing international markets. Meatpackers have also gained subtle product differentiation and pricing advantages and modest brand loyalty by vertically coordinating genetics, feeding, and processing. This has resulted in improved ability to meet consumer demands; enhancing revenues rather than simply competing on costs. Although meatpacking is a mature industry, this is not to say that it does not face many dynamic forces of change. Entry into the U.S. market by foreign competitors has raised the global competitive ante. Environmental and social issues such as climate impacts on crops and water resources, the emergence of zoonotic diseases, and calls for improved animal welfare are changing management practices. Policy issues, including proposals to improve meat product safety, to reduce the use of antibiotics, and to place limits on animal ownership and contracting strategies, are also impacting packers. Our goal is to address the impact of these forces on meatpackers’ competitive strategies using Porter’s “Five Forces” analysis.
    [Show full text]
  • Industry Classification Benchmark (Equity) V3.8
    Ground Rules Industry Classification Benchmark (Equity) v3.8 ftserussell.com An LSEG Business June 2021 Contents 1.0 Introduction .................................................................... 4 1.1 Industry Classification Benchmark .................................................... 4 1.2 FTSE Russell .................................................................................... 4 2.0 Management Responsibilities ....................................... 5 2.1 FTSE Russell .................................................................................... 5 2.2 FTSE Russell Industry Classification Advisory Committee ........ 5 2.3 FTSE Russell Policy Advisory Board ............................................ 5 3.0 FTSE Russell Index Policies ......................................... 6 3.1 Challenges and Appeals ................................................................. 6 3.2 Policy for Benchmark Methodology Changes ................................... 6 4.0 Classification Guidelines .............................................. 7 4.1 Basis of Decisions ........................................................................... 7 4.2 Allocation of Companies to Subsectors ....................................... 7 4.3 Changes to the Classification of a Company ............................... 8 4.4 Industry Sectors .............................................................................. 8 4.5 Changes to the Industry Classification Benchmark .................... 9 5.0 Periodic Reviews ........................................................
    [Show full text]
  • Industry Classification Benchmark (Equity) V2.3
    Ground Rules Industry Classification Benchmark (Equity) v2.3 ftserussell.com July 2017 Contents 1.0 Introduction ......................................................................... 3 2.0 Management Responsibilities ............................................ 4 3.0 Queries, Complaints and Appeals ..................................... 5 4.0 Classification Guidelines ................................................... 6 5.0 Periodic Reviews ................................................................ 8 6.0 Structure and Definitions ................................................... 9 Appendix A: Further Information .............................................. 22 FTSE Russell | Industry Classification Benchmark (Equity), v2.3, July 2017 2 of 22 Section 1 Introduction 1.0 Introduction 1.1 The Industry Classification Benchmark (ICB) is a detailed and comprehensive structure for sector and industry analysis, facilitating the comparison of companies across four levels of classification and national boundaries. The classification system allocates companies to the Subsector whose definition closely describes the nature of its business as determined from the source of its revenue or the source of the majority of its revenue where available, as detailed in Rule 4.2.1. The structure and definitions of all Subsectors of ICB are available in Section 6. 1.2 FTSE Russell FTSE Russell is a trading name of FTSE International Limited (FTSE), Frank Russell Company (Russell), FTSE TMX Global Debt Capital Markets Inc. and FTSE TMX Global Debt
    [Show full text]
  • ISIC) Is the International Reference Classification of Productive Activities
    Economic & Social Affairs @ek\ieXk`feXcJkXe[Xi[@e[ljki`Xc:cXjj`]`ZXk`fef]8cc<Zfefd`Z8Zk`m`k`\j@J@: #I\m%+ @ek\ieXk`feXcJkXe[Xi[@e[ljki`Xc :cXjj`]`ZXk`fef]8cc<Zfefd`Z 8Zk`m`k`\j@J@: #I\m%+ Series M No. 4, Rev.4 Statistical Papers asdf United Nations Published by the United Nations ISBN 978-92-1-161518-0 Sales No. E.08.XVII.25 07-66517—August 2008—2,330 ST/ESA/STAT/SER.M/4/Rev.4 Department of Economic and Social Affairs Statistics Division Statistical papers Series M No. 4/Rev.4 International Standard Industrial Classification of All Economic Activities Revision 4 asdf United Nations New York, 2008 Department of Economic and Social Affairs The Department of Economic and Social Affairs of the United Nations Secretariat is a vital interface between global policies in the economic, social and environmental spheres and national action. The Department works in three main interlinked areas: (i) it compiles, generates and analyses a wide range of economic, social and environ- mental data and information on which States Members of the United Nations draw to review common problems and to take stock of policy options; (ii) it facilitates the negotiations of Member States in many intergovernmental bodies on joint courses of action to address ongoing or emerging global challenges; and (iii) it advises interested Governments on the ways and means of translating policy frameworks developed in United Nations conferences and summits into programmes at the country level and, through technical assistance, helps build national capacities. Note The designations used and the presentation of material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
    [Show full text]
  • 1. Industry Classification Benchmark (Icb)
    STOXX LIMITED 1/13 1.1. INDUSTRY CLASSIFICATION BENCHMARK (ICB) Each stock in the ICB stock universe is uniquely classified into one of the 114 subsectors, based on the company's primary revenue source. Consequently, it is automatically and uniquely assigned to one of the 41 sectors, one of the 19 supersectors and one of the ten industries. For a detailed overview please refer to http://www.stoxx.com/indices/icb.html and http://www.ICBenchmark.com/ 1.1. HIERARCHY 10 Industries 19 Supersectors 41 Sectors 114 Subsectors Oil & Gas [0001] Oil & Gas [0500] Oil & Gas Producers [0530] Exploration & Production [0533] Integrated Oil & Gas [0537] Oil Equipment, Services & Distribution Oil Equipment & Services [0573] [0570] Pipelines [0577] Alternative Energy [0580] Renewable Energy Equipment [0583] Alternative Fuels [0587] Basic Materials [1000] Chemicals [1300] Chemicals [1350] Commodity Chemicals [1353] Speciality Chemicals [1357] Basic Resources [1700] Forestry & Paper [1730] Forestry [1733] Paper [1737] Industrial Metals & Mining [1750] Aluminium [1753] Nonferrous Metals [1755] Iron & Steel [1757] Mining [1770] Coal [1771] Diamonds & Gemstones [1773] General Mining [1775] Gold Mining [1777] Platinum & Precious Metals [1779] Industrials [2000] Construction & Materials Construction & Materials [2350] Building Materials & Fixtures [2353] [2350] Heavy Construction [2357] Industrial Goods & Services Aerospace & Defense [2710] Aerospace [2713] [2700] Defense [2711] General Industrials [2720] Container & Packaging [2723] Diversified Industrials [2727]
    [Show full text]
  • Global Industry Classification Standard Contents
    GICS® Global Industry Classification Standard Contents The Global Industry Classification Standard (GICS®) ......................................................................................................... 3 A Guide to the GICS Methodology .......................................................................................................................................... 4 Company Classification Guidelines ....................................................................................................................................... 5 The GICS Structure .................................................................................................................................................................. 6 Energy .............................................................................................................................................................................. 12 Materials ............................................................................................................................................................................. 14 Industrials ........................................................................................................................................................................... 18 Consumer Discretionary .................................................................................................................................................... 24 Consumer Staples .............................................................................................................................................................
    [Show full text]
  • The New Industry Classification System: the Switch from SIC to NAICS
    Academic BRASS Published by the BRASS Business Reference in Academic Libraries Committee Vol 11 (2), Fall 2016 Emily L. Mross Business and Public Administration Reference Librarian Penn State Harrisburg Library Penn State University Libraries Glenn S. McGuigan Library Director Penn State Harrisburg Library Penn State University Libraries The Necessity of NAICS: Industrial Classification as an Indexing Search Tool Whether using an online, company database like Hoover’s Online, or an article index database like ABI Inform or Business Source Premier, business researchers have experienced the change in recent years from the old industrial classification system, known as the Standard Industrial Classification system (SIC), to the new system, known as the North American Industry Classification System (NAICS). As many business database users may note, the superseded SIC identification is still often included, although it remains an outdated system. With many business resources, both of these systems are used simultaneously. Since NAICS has replaced the SIC system, it is important for those who do business research to be aware of this critical business classification system. The importance of NAICS as an indexing tool for database research cannot be underestimated, as well as the fact that the SIC system is deceased. In existence since the 1930s, and the first standard classification system for industries in the United States, the SIC system has been used by the federal government, and in turn by commercial entities, to organize and classify industries based upon an ostensibly uniform system. Periodically updated to reflect changes in industry brought about by technology and innovation, the last version of the SIC Manual was published in 1987 (Sabroski, 2000, 18).
    [Show full text]
  • Selecting Sector Benchmarks Selecting Sector Benchmarks
    SELECTING SECTOR BENCHMARKS SELECTING SECTOR BENCHMARKS INTRODUCTION The IndexUniverse ETF Analytics process evaluates ETFs based on how well they track “the market” for their segment. To ensure we compare apples with apples, we have to choose a common benchmark against which to measure all funds equally. Our guiding principle is to choose a benchmark for each market segment to best represent “the market” for that segment. To select these benchmarks, we make a careful study of all the available choices. We need to know who decides what securities go into an index, and how they make classifications and distinctions. In evaluating sector ETFs—and thus sector indexes—the biggest distinguishing factor between available options arises from the index providers’ business/industry classification systems. Business classification systems classify tens of thousands of companies into sectors and further subcategories, using a rule-set. It’s what lets you say with certainty and consistency that, for example, Microsoft is a software company, but Seagate is a hardware company. In selecting a series of sector benchmarks, IndexUniverse researched the methodology and construction of the three largest and most widely recognized business classification systems. S&P/MSCI Barra’s Global Industry Classification Standard (GICS) Thomson Reuters’ Business Classification (TRBC) Dow Jones/FTSE’s Industry Classification Benchmark (ICB) Our goal was to determine which system most strongly adhered to the following principles: Representativeness: Does the classification system cover the widest range of securities possible? Rules Based: Does the system classify companies according to objective standards or does a committee arbitrarily determine where companies are classified? Robustness/Effectiveness: Does the system’s output make both logical and intuitive sense? To be representative, a family of sector benchmarks should track a large portion of the equity universe, and should cover the segments with ETFs tracking them.
    [Show full text]
  • State of the Art in Content Standards
    State of the Art in Content Standards Authors: Martin Dörr, Nicola Guarino, Mariano Fernández López, Ellen Schulten Milena Stefanova, Austin Tate Editors: Nicola Guarino, Milena Stefanova Affiliations: FORTH, Greece; LADSEB-CNR, Italy; University of Madrid, Spain; Heloise Ontologies Associates, AIAI Institute - University of Edinburgh, UK. Identifier Deliverable 3.1. Class Deliverable Version 1.0 Version date November, 2001 Status final Distribution Public Responsible Partner LADSEB-CNR IST Project IST-2000-29243 OntoWeb OntoWeb: Ontology-based Information Exchange for Knowledge Management and Electronic Commerce OntoWeb Consortium This document is part of a research project funded by the IST Programme of the Commission of the European Communities as project number IST-2000-29243. Vrije Universiteit Amsterdam (VU)-Coordinator Faculty of Sciences, Division of Mathematics and Computer Science De Boelelaan 1081a 1081 HV Amsterdam, the Netherlands Fax and Answering machine: +31-(0)84-872 27 22 Mobil phone: +31-(0)6-51850619 Contactperson: Dieter Fensel E-mail: [email protected] IST Project IST-2000-29243 OntoWeb OntoWeb: Ontology-based Information Exchange for Knowledge Management and Electronic Commerce Revision Information Revision date Version Changes IST Project IST-2000-29243 OntoWeb OntoWeb: Ontology-based Information Exchange for Knowledge Management and Electronic Commerce Acknowledgements We would like to acknowledge several people which helped us with providing content to this document. In particular, would like to thank the members of the OntoWeb Content Standards SIG/Process Standards WG (see http://www.aiai.ed.ac.uk/project/ontoweb/). These include Michael Gruninger, Howard Smith, Ismael Ghalimi, Adam Pease, Stuart Aitken, Ben Rode, Jerry Hobbs, David Martin and Martin Bryan.
    [Show full text]
  • Industry Classification Benchmark (ICB) Reclassification
    Research Industry Classification Benchmark (ICB) reclassification Expanded and improved December 2019 | ftserussell.com Table of contents Executive summary 3 Background on Industry Classification Benchmark (ICB®) 3 Industry Classification Benchmark (ICB) reclassification: expanded and improved 4 What isn’t changing: ICB robust governance process 4 Collaboration with clients and industry specialists 4 What’s new 5 Real Estate 5 Telecommunications 6 Consumer Discretionary and Consumer Staples 7 Other Notable Enhancements 10 Energy 10 Consumer Digital Services 11 Financial Data Providers and Transaction Processers 11 Transaction Processing Services 12 Cannabis Producers 13 Definition enhancements to clarify ICB placement 14 Conclusion 14 ftserussell.com 2 Executive summary • ICB enhanced its structure to reflect the evolution of the global economy and to address the needs of today’s investment professionals. • The changes created a separate classification for Real Estate, expanded the Telecommunications grouping, adopted a new Consumer Discretionary and Consumer Staples framework and renamed ICB Oil and Gas to ICB Energy. • Giving standalone status to Real Estate stocks recognizes the scale and prominence of this rapidly growing asset class. • The new Telecommunications grouping combines traditional telecom services companies with related equipment and cable TV providers, reflecting the evolving investment implications of the global convergence of communications, media and technology. • The restructuring of consumer stocks into Consumer Discretionary and Consumer Staples classifications draws a finer distinction between the cyclical and noncyclical (or defensive) economic sensitivities and risk/return characteristics of each stock group. Overall, the restructured ICB provides far greater details at the Sector (Level 3) and Subsector (Level 4) levels. For example, the new Consumer Discretionary framework encompasses 21 more sectors than the previous framework, offering greater specificity across different types of specialty retailers.
    [Show full text]
  • Factset Revere Business and Industry Classification System (RBICS) Data and Methodology Guide
    FactSet Revere Business and Industry Classification System (RBICS) Data and Methodology Guide Contents: What is FactSet RBICS? What are the Benefits of RBICS? Data Compilation Data Maintenance RBICS Features Summary Dataset Availability What is FactSet RBICS? FactSet RBICS is a comprehensive structured taxonomy designed to offer precise classification of global companies and their individual business units. FactSet RBICS leverages the in-depth industry classification knowledge gathered by FactSet Revere over the last 13 years of refining its patented FactSet Revere Hierarchy™ industry classification product. At the lower levels, the patented bottom-up approach of classifying companies according to the products and services offers unpreceded level of precision and granularity. The top levels' market-defined approach, widely accepted by the investor community, is introduced to group companies based on performance characteristics and stock co-movement. FactSet RBICS is offered through four subsidiary products – RBICS Focus, RBICS with Revenue, RBICS with Tradenames and RBICS Extended Universe – Industry Group. ▪ RBICS Focus offers a single-sector mapping of about 48,000 of the most liquid and publicly-traded companies based on their primary lines of business; it uses revenues as the key factor in determining a company’s primary line of business, by mapping a company to the lowest-level sector from which it derives 50% or more of its revenues. ▪ RBICS with Revenue offers a multi-sector mapping of about 46,000 of the most liquid and publicly traded companies; the revenue percentages associated to each reported business segment are standardized into the most granular sectors of the RBICS taxonomy. ▪ RBICS with Tradenames offers a multi-sector mapping of about 48,000 of the most liquid and publicly traded companies’ products/services (a.k.a.
    [Show full text]