Study Guide - The North American Industrial Classification...

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The North American Industrial Classification System (NAICS) o Was developed jointly by the three nations in North America to provide new comparability in statistics about business activity across the US, Canada and Mexico o Industries grouped by similarities of their economic activities, not by their products o NAICS groups all economic activities into a 20 sector structure Li, Hofacre and Mahony’s Sport Industry Model o Believes that sport competitions and events are one thing that all firms and organizations in the sport industry can relate to. o Sport Activities are the center around which many other products and services are produced in the sports industry 1. The firms and organizations that produce sport activities 2. The firms and organizations that provide products and services to support the production of sport activities 3. The firms and organizations that sell and trade products related to sport activities o Two Main Sectors 1. Sport Activity Producing Sector a. Firms that produce activities such as sport competitions, events, and services are included b. Examples of the sport activity include Pros, Semi Pros Teams, Intercollegiate and Interscholastic athletic departments, county recreation departments, sports and fitness clubs. 2. Sport Supporting Sector a. Firms provide products and services to support the production of sport activities or selling and trading products that are related to sports activities There are six sport supporting subsectors: 1) Administrative and regulatory athletic associations (USOC,
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This note was uploaded on 12/18/2011 for the course ECO 202 taught by Professor Normmiller during the Fall '08 term at Miami University.

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Study Guide - The North American Industrial Classification...

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