Product classification or product taxonomy is a type of economic taxonomy which organizes products for a variety of purposes. However, not only products can be referred to in a standardized way but also sales practices in form of the “Incoterms” and industries can be classified into categories.
Some standard product classifications include:
CPA — Classification of Products by Activity, a product nomenclature that was used in the European Economic Community and now in use in the EU, a European version of the CPCCPA 1996CPA 2002CPA 2008CPA 2.1CPC — Central Product Classification, a United Nations standard classification for productsETIM, the ETIM Technical Information ModelGlobal Classification and Harmonized Schedule Numbers for customs classificationHS — Harmonized Commodity Description and Coding SystemSITC — Standard International Trade ClassificationTrade in ServicesUNSPSC, the United Nations Standard Products and Services CodeIEC Common Data Dictionary, product classifications defined by the International Electrotechnical CommissioneCl@ss, a global and ISO/IEC-conform system for classification and description of products and services, maintained by the non-governmental eCl@ss e.V. association referenceEver curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.
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