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What Does Standard Industrial Classification – SIC Code Mean?

April 26, 2017Classification code industrial mean SIC standard

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What Does Standard Industrial Classification – SIC Code Mean?

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A standard series of four-digit codes created by the U.S. government in 1937 for categorizing business activities. In 1997, the use of SIC codes was replaced in most (but not all) capacities by a six-digit code called the North American Industry Classification System (NAICS).