answersLogoWhite

0


Best Answer

Every company or business in North America is tagged with an SIC (Standard Industrial Classification) code as well as a NAICS (North American Industrial Classification System) code. This allows the government as well as other businesses categorize their customers or competitors. Depending on what market or service you provide, you can look up your customer's SIC or NAICS code and then find other companies similar to the one you looked up. By doing this exercise, you will be able to segment your customer and prospect databases and target market to them.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Describe how companies identify their markets?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Describe a time when you had to identify a customer's need?

Describe a time when you had to identify a customer's need


Identify and describe remedies available in equity?

identify and describe remedies availagle in equity


What involves the analysis of markets to identify opportunities and challenges?

Market research


Identify the features of a play?

what are the features of a play? identify them and describe them.


Identify and describe three major enterprise application?

Q 17. Identify and describe three major enterprise applications


Identify the major types of securities traded in the securities markets?

shares ,derivatives


Identify three tejanos who supported independence and describe their individual contributions?

boog boobies


How did methods such as a vertical and horizontal consolidation and fators such as economies of scale help companies dominate their markets?

How did methods such as a vertical and horizontal consolidation and fators such as economies of scale help companies dominate their markets?


How do you write 3 source of airplanes?

You identify three plants that make aircraft - not necessarily belonging to different companies - and that is your answer.You identify three plants that make aircraft - not necessarily belonging to different companies - and that is your answer.You identify three plants that make aircraft - not necessarily belonging to different companies - and that is your answer.You identify three plants that make aircraft - not necessarily belonging to different companies - and that is your answer.


Describe different consultation techniques used to identify treatment objectives?

Describe different consultation techniques used to identify waxing treatment objectives


What does MEXID mean in finance?

It is a code used to identify managed funds and their share classes for the markets


What are the functions of a Business Development Department?

Typically, the Business Development Department of a manufacturer will identify strong potential markets for their product and look for channels of distribution in those markets.