What does sic code stand for?
The term “SIC code” refers to the four-digit Standard Industrial Classification (SIC) system used to identify and classify businesses and companies into like groups. The term “SIC code” is often still used even though the SIC system has been largely replaced by the six-digit North American Industry Classification System (NAICS), introduced in 1997. SIC allows companies to be classified into 1,004 codes whereas NAICS allows 1,170 codes, according to the U.S.
