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Product Research Highly detailed & structured Product Research

   The usual definition of the

     Products use the  U.S.  NAICS  codes

The data on Products cover Goods, Services and Activities are classified under very detailed categories.


There are over 405,000 product definitions specified by the databases and these represent the output product offering of the business or organisations in the market.


The market includes both for profit and non profit products.


Where one has a database which covers many countries there needs to be harmonisation of the various national definitions to produce a standard definition of the particular product or market.

Products are defined as under various standard definitions, and clients can obtain information on products under the various classifications, including:-

Utilities

Building, developing & general contracting

Heavy construction

Special trade contractors

Construction of buildings

Heavy and civil engineering construction

Specialty trade contractors

Food manufacturing

Beverage & tobacco products

Textile mills

Textile product mills

Apparel manufacturing

Leather & allied product manufacturing

Wood product manufacturing

Paper manufacturing

Printing & related support activities

Petroleum & coal products

Chemical manufacturing

Plastics & rubber products

Non-metallic mineral products

Primary metal manufacturing

Fabricated metal products

Machinery manufacturing

Computer & electronic products

Electrical equipment & appliances

Transportation equipment

Furniture & related products

Miscellaneous manufacturing

Wholesale trade, durable goods

Wholesale trade, nondurable goods

Durable goods merchant wholesalers

Nondurable goods merchant wholesalers

Wholesale electronic markets & agents

Motor vehicle & parts dealers

Furniture & home furnishings stores

Electronics & appliance stores

Building material, garden equipment

Food & beverage stores

Health & personal care stores

Gasoline stations

Clothing & clothing accessories stores

Sporting, hobby, book & music stores

General merchandise stores

Miscellaneous store retailers

Non-store retailers

Air transportation

Truck transportation

Transit & ground passenger transport

Scenic & sightseeing transportation

Support activities for transportation

Postal service

Couriers & messengers

Warehousing & storage

Publishing industries (except Internet)

Motion picture & sound recording

Broadcasting & telecommunications

Information & data processing services

Broadcasting (except Internet)

Internet publishing & broadcasting

Telecommunications

Internet services, web & data processing

Other information services

Monetary authorities - central bank

Credit intermediation & related activities

Securities intermediation & activities

Insurance carriers & related activities

Funds, trusts & other financial vehicles

Real estate

Rental & leasing services

Lessors of non-financial intangible assets

Professional, scientific & technical

Management of companies & enterprises

Administrative & support services

Waste management & remediation

Educational services

Ambulatory health care services

Hospitals

Nursing & residential care facilities

Amusement & recreation industries

Accommodation

Food services & drinking places

Repair & maintenance

Personal & laundry services

   Products can be defined using many Classifications Standards.


International Economic Classifications


There has always been a problem in attempting to compare the classifications of goods, services and work done across the world and this impedes business planners and researchers. Work is now being done to standardise and harmonise the various systems and one hopes that a common classification system will emerge before too long.


International Standard Industrial Classification - United Nations (ISIC)

International Standard Industrial Classification of All Economic Activities is a standard classification of economic activities arranged so that entities can be classified according to the activity they carry out. The categories of ISIC at the most detailed level (classes) are delineated according to what is, in most countries, the customary combination of activities described in statistical units. The groups and divisions, the successively broader levels of classification, combine the statistical units according to the character, technology, organization and financing of production.


Statistical classification of economic activities in the European Community  - Nomenclature statistique des activités économiques dans la Communauté européenne   (NACE)

The Statistical classification of economic activities in the European Community designates various versions of the nomenclature of economic activities developed since 1970 in the European Union.

NACE is part of an integrated system of statistical classifications, developed mainly under the auspices of the United Nations (UN) Statistical Division.

Thereby:
 -  ISIC is the United Nations’ International Standard Industrial Classification of all Economic Activities.
-   CPC is the United Nations’ Central Product Classification.
-   HS is the Harmonized Commodity Description and Coding System, managed by the World Customs Organisation.
-   CPA is the European Classification of Products by Activity.
-   Prodcom is the classification of goods used for statistics on industrial production in the EU.
-  CN stands for the Combined Nomenclature, a European classification of goods used for foreign trade statistics.

NACE is more detailed than ISIC. ISIC and NACE have exactly the same items at the highest levels, however NACE is more detailed at lower levels.


Classification of Products by Activity (CPA)

The statistical Classification of Products by Activity is the classification of products (goods as well as services) at the level of the European Union.

CPA product categories are related to activities as defined by the NACE Statistical classification of economic activities in the European Community. This linkage to NACE activities gives the CPA a structure parallel to that of NACE at all levels.


Common Procurement Vocabulary (CPV)

The Common Procurement Vocabulary (CPV) endeavours to cover all requirements for supplies, works and services. By standardising the references used by contracting authorities to describe the subject matter of their contracts, the CPV improves the transparency of public procurement covered by Community directives.


United Kingdom Standard Industrial Classification

The U. K. Standard Industrial Classification of Economic Activities (SIC) is used to classify business establishments and other standard units by the type of economic activity in which they are engaged. The latest (2003) system is identical to the EUROSTAT System NACE at the four digit class level and the at the two digit Divisional level.


Harmonized System Nomenclature (HS)

The Harmonized Commodity Description and Coding Systems is a multipurpose international product nomenclature developed by the World Customs Organization (WCO). The HS contributes to the harmonization of Customs and trade procedures, and the non-documentary trade data interchange in connection with such procedures, thus reducing the costs related to international trade.


North American Industry Classification System (NAICS)

The NAFTA and U.S. NAICS system (and the previous 1997 U.S. SIC codes) has evolved in North America over recent years. There is a bridge between the 2002 NAICS and ISIC 3 and the 2007 NAICS and ISIC 4 classifications.

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