business classification: . . . the creation or identity of a taxonomy of organizations or operations engaged in activities, undertakings and/or dealings in the commercial, industrial, and professional sectors of an economy. A critique of business classification systems states that many are . . . ad hoc, inconsistent, and nonintegrated, with very little association between (them). A business classification system might be referred to as one that has industry or industrial classifications. By strict definition, however, it seems that business classifications should be limited as defined in the paragraph above. Industry or industrial taxonomies can include enterprises other than those that are businesses by strict definition. After all, do not industry, industrial and industrious share the same etymology? Page down to zero in on specific classification sources. Google the Web for more information about business, industry and industrial classification systems. business, industry and industrial classification systems: The following links access information about various systems. Below the links are suggestions for you to use to search the Web for even more information. A definition of business classification is a the top of this page. Related is a definition of target industry, a term applicable to enterprise development and economic development marketing.
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