ELI5: Explain Like I'm 5

Industry Sorting Code Directory

Okay kiddo, let's imagine you are a librarian and you have a lot of different books to sort out. Some are about animals, some are about cars, some are about science and so on. And you want to put them in the right order so it's easy for people to find what they're looking for.

Now, just like a librarian, different businesses and organizations have different types of products and services they offer. So, there is something called an industry sorting code directory (also called a classification system) that helps to put all these businesses in order based on the type of services or products they offer.

This directory has different codes for different kinds of businesses. For example, if a business offers clothes, they might have a code that starts with "23", while a business that offers food might have a code that starts with "44".

This is like having different sections in a library for different types of books. So, when someone comes to find a book on animals, they know exactly where to go in the library. Similarly, when someone wants to find a specific business, they can use the industry sorting code directory to quickly locate the business based on the type of service or product they offer.

In short, it's a way to organize businesses and make it easier for people to find exactly what they're looking for.