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TeachMeFinance.com - explain North American Industry Classification System (NAICS) North American Industry Classification System (NAICS) The term 'North American Industry Classification System (NAICS)' as it applies to the area of energy can be defined as ' A new classification scheme, developed by the Office of Management and Budget to replace the Standard Industrial Classification (SIC) System, that categorizes establishments according to the types of production processes they primarily use'. Previous 5 Terms: normalized difference vegetation index North American Electric Reliability Corporation (NERC) North American Electric Reliability Council (NERC) North American Free Trade Agreement (NAFTA) North American Free Trade Agreement Implementation Act Next 5 Terms: North American Industry Classification System (NAICS) North American Waterfowl Management Plan North American Wetlands Conservation Act North Atlantic Oscillation North Atlantic Oscillation (NAO) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.