{"id":1725,"date":"2018-03-27T16:13:45","date_gmt":"2018-03-27T16:13:45","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/?post_type=chapter&#038;p=1725"},"modified":"2024-04-25T02:06:51","modified_gmt":"2024-04-25T02:06:51","slug":"naics-codes-and-direct-competitors","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/chapter\/naics-codes-and-direct-competitors\/","title":{"raw":"NAICS Codes and Direct Competitors","rendered":"NAICS Codes and Direct Competitors"},"content":{"raw":"<div class=\"textbox learning-objectives\">\r\n<h3>Learning Objectives<\/h3>\r\n<ul>\r\n \t<li>Use NAICS codes to determine direct competitors<\/li>\r\n<\/ul>\r\n<\/div>\r\nThe <a href=\"https:\/\/www.naics.com\" target=\"_blank\" rel=\"noopener\">North American Industry Classification System<\/a> (NAICS), which replaced the <a id=\"anch_336\" title=\"Standard Industrial Classification (SIC) system\" href=\"http:\/\/www.osha.gov\/pls\/imis\/sic_manual.html\" target=\"_blank\" rel=\"noopener\">Standard Industrial Classification (SIC) system<\/a>\u00a0in 1997, is used by federal statistical agencies to classify businesses. They do this so that data collected on the businesses can be aggregated to create a snapshot of the total industry for analysis and comparison. Some common\u00a0NAICS codes for food retailers are as follows:\r\n<ul>\r\n \t<li>445110\u2014supermarkets and other grocery (except convenience) stores\r\n<ul>\r\n \t<li>commissaries, primarily grocery<\/li>\r\n \t<li>delicatessens, primarily retailing a wide variety of grocery items and meat<\/li>\r\n \t<li>food stores<\/li>\r\n \t<li>grocery stores<\/li>\r\n \t<li>supermarkets<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li>445120\u2014convenience stores<\/li>\r\n \t<li>445210\u2014meat markets<\/li>\r\n \t<li>445220\u2014fish and seafood markets<\/li>\r\n \t<li>445230\u2014fruit and vegetable markets<\/li>\r\n \t<li>446110\u2014pharmacies and drug stores<\/li>\r\n \t<li>452311\u2014warehouse clubs and supercenters<\/li>\r\n \t<li>452319\u2014all other general merchandise stores<\/li>\r\n<\/ul>\r\nPlease note, however, that the above list is not exhaustive. For example, there are unique codes for candy stores, stores that sell nuts, bakeries that bake goods on premises, and bakeries that don't. What's important is that you can identify your NAICS code to see statistics about your specific industry, allowing you to get a better understanding of your competitive set.\r\n<div class=\"textbox tryit\">\r\n<h3>Practice Questions<\/h3>\r\nhttps:\/\/assess.lumenlearning.com\/practice\/e2091be7-1bfa-45aa-a47f-bb62fa074be8\r\n<\/div>","rendered":"<div class=\"textbox learning-objectives\">\n<h3>Learning Objectives<\/h3>\n<ul>\n<li>Use NAICS codes to determine direct competitors<\/li>\n<\/ul>\n<\/div>\n<p>The <a href=\"https:\/\/www.naics.com\" target=\"_blank\" rel=\"noopener\">North American Industry Classification System<\/a> (NAICS), which replaced the <a id=\"anch_336\" title=\"Standard Industrial Classification (SIC) system\" href=\"http:\/\/www.osha.gov\/pls\/imis\/sic_manual.html\" target=\"_blank\" rel=\"noopener\">Standard Industrial Classification (SIC) system<\/a>\u00a0in 1997, is used by federal statistical agencies to classify businesses. They do this so that data collected on the businesses can be aggregated to create a snapshot of the total industry for analysis and comparison. Some common\u00a0NAICS codes for food retailers are as follows:<\/p>\n<ul>\n<li>445110\u2014supermarkets and other grocery (except convenience) stores\n<ul>\n<li>commissaries, primarily grocery<\/li>\n<li>delicatessens, primarily retailing a wide variety of grocery items and meat<\/li>\n<li>food stores<\/li>\n<li>grocery stores<\/li>\n<li>supermarkets<\/li>\n<\/ul>\n<\/li>\n<li>445120\u2014convenience stores<\/li>\n<li>445210\u2014meat markets<\/li>\n<li>445220\u2014fish and seafood markets<\/li>\n<li>445230\u2014fruit and vegetable markets<\/li>\n<li>446110\u2014pharmacies and drug stores<\/li>\n<li>452311\u2014warehouse clubs and supercenters<\/li>\n<li>452319\u2014all other general merchandise stores<\/li>\n<\/ul>\n<p>Please note, however, that the above list is not exhaustive. For example, there are unique codes for candy stores, stores that sell nuts, bakeries that bake goods on premises, and bakeries that don&#8217;t. What&#8217;s important is that you can identify your NAICS code to see statistics about your specific industry, allowing you to get a better understanding of your competitive set.<\/p>\n<div class=\"textbox tryit\">\n<h3>Practice Questions<\/h3>\n<p>\t<iframe id=\"assessment_practice_e2091be7-1bfa-45aa-a47f-bb62fa074be8\" class=\"resizable\" src=\"https:\/\/assess.lumenlearning.com\/practice\/e2091be7-1bfa-45aa-a47f-bb62fa074be8?iframe_resize_id=assessment_practice_id_e2091be7-1bfa-45aa-a47f-bb62fa074be8\" frameborder=\"0\" style=\"border:none;width:100%;height:100%;min-height:300px;\"><br \/>\n\t<\/iframe>\n<\/div>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-1725\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>NAICS Codes and Direct Competitors. <strong>Authored by<\/strong>: Patrick Williams. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":83755,"menu_order":19,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"NAICS Codes and Direct Competitors\",\"author\":\"Patrick Williams\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"1e79ccfb-3477-448a-80c7-971b2c6bcbd1, 6fecc712-d58c-4de2-a048-01459b983bf8","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-1725","chapter","type-chapter","status-publish","hentry"],"part":1681,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/pressbooks\/v2\/chapters\/1725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/wp\/v2\/users\/83755"}],"version-history":[{"count":17,"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/pressbooks\/v2\/chapters\/1725\/revisions"}],"predecessor-version":[{"id":6368,"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/pressbooks\/v2\/chapters\/1725\/revisions\/6368"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/pressbooks\/v2\/parts\/1681"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/pressbooks\/v2\/chapters\/1725\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/wp\/v2\/media?parent=1725"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/pressbooks\/v2\/chapter-type?post=1725"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/wp\/v2\/contributor?post=1725"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-retailmanagement\/wp-json\/wp\/v2\/license?post=1725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}