BEC meaning in Business ?

Answer: What is Broad Economic Categories mean?

The Broad Economic Categories (BEC) is a three-digit classification, which groups transportable goods according to their main end use. It is most often used for the general economic analysis of international merchandise trade data. The BEC system is defined in terms of the Standard International Trade Classification system.

The original BEC was published in 1971, and revised in 1976, 1986 and most recently in 1988. The top level categories of the BEC are as follows:

BEC-1: Food and beveragesBEC-2: Industrial supplies not elsewhere specifiedBEC-3: Fuels and lubricantsBEC-4: Capital goods (except transport equipment), and parts and accessories thereofBEC-5: Transport equipment and parts and accessories thereofBEC-6: Consumer goods not elsewhere specifiedBEC-7: Goods not elsewhere specified

In 2007 a fourth revision is under discussion, including a possible extension of the BEC to include tradable services.

reference

Full Form	Category
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Busch Entertainment Corporation	Business
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Benefits Enrollment Center	General
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