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While traditional strategies focus on marketanalysis and customer preferences, a transformative approach is emerging – one that harnesses the power of government procurement insights to unravel new opportunities.
A NAICS code classifies your company’s primary economic activity, and understanding it is vital for compliance, market research, and accessing government tools. Purpose of NAICS NAICS codes are like a secret language, used for statistical analysis, research, and government reporting.
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NAICS codes serve various key roles, including aiding government policy analysis, supporting businesses in strategic planning, and providing tools for detailed economic analysis and comparison with the older SIC system. This detailed classification is crucial for policy development, marketanalysis, and strategic planning.
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Market analytics: The platform provides marketanalysis to enable businesses to understand market trends. For example, a government tender will have vastly different security services requirements than a health care provider’s. Types of Security Tenders There are various types of security contracts available.
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