Standard Industrial Classification (SIC) Code

Standard Industrial Classification (SIC) Code,

Definition of Standard Industrial Classification (SIC) Code:

  1. Standardized method of classifying business/industrial activity, it represents principle segments of an economy with a numerical code. In the US, sic was established in 1987 and is now being replaced with the North American industry Classification System (NAICS) that covers Canadian and Mexican industries as well. See also Standard International Trade Classification.

Meaning of Standard Industrial Classification (SIC) Code & Standard Industrial Classification (SIC) Code Definition