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Answer :
Final answer:
The 7000 Series of SSIC Codes covers businesses in the field of Research and Development in the Physical, Engineering, and Life Sciences.
Explanation:
The 7000 Series of SSIC Codes covers a specific classification of businesses in the U.S. federal procurement system. The SSIC (Standard Subject Identification Code) system is used to categorize businesses according to their primary economic activity. The 7000 Series of SSIC Codes specifically relates to businesses engaged in the field of Research and Development in the Physical, Engineering, and Life Sciences.
For example, if a company is involved in scientific research, technological development, or engineering consulting, they may be classified under the 7000 Series of SSIC Codes. This classification helps the government and other entities identify and track businesses operating in these specific sectors.
Some specific codes within the 7000 Series include 731 - Research and Development in Biotechnology, 745 - Research and Development in Chemicals, and 792 - Research and Development in Agriculture and Food Sciences.
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