industry classification
[/ˈɪndəstri ˌklæsɪfɪˈkeɪʃən/]
nounfemininepl: industry classifications / classificações industriais
classificação industrial
1. A system of categorizing businesses and economic activities into groups based on the type of goods or services they produce or provide
The industry classification system helps investors understand different market sectors.
O sistema de classificação industrial ajuda os investidores a entender diferentes setores do mercado.
2. A standardized code or framework used to organize companies for statistical, regulatory, or analytical purposes
According to the NAICS industry classification, this company operates in the technology sector.
De acordo com a classificação industrial CNAE, esta empresa opera no setor de tecnologia.
3. The process of assigning a business entity to a specific category based on its primary economic activity
The industry classification of the startup was challenging due to its diversified operations.
A classificação industrial da startup foi desafiadora devido às suas operações diversificadas.
In Brazil, the CNAE (Classificação Nacional de Atividades Económicas) system is the official standard for industry classification used by government agencies, particularly IBGE (Instituto Brasileiro de Geografia e Estatística) and the Federal Revenue Service. In the United States, the NAICS (North American Industry Classification System) serves this function. These classification systems are crucial for tax purposes, statistical analysis, and business regulation. The term is widely used in corporate, governmental, and financial contexts across both countries.
Related Idioms & Phrases
fall into an industry classification
meet industry classification standards
reclassify under a different industry classification
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