NAICS is a one-through six-digit hierarchical classification code system. Each digit in the code is part of a series of progressively narrower categories. The organization that supervises NAICS codes hosts a powerful search engine at www.naics.com. E to help businesses identify their NAICS code. O True False D Question 19 1 pts Separating the analysis of a firm's industry and its target market is important because it's premature for a new firm to select, or even talk about, a specific target market until an understanding of the broader industry is obtained. True O False