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The 2009 Bangladesh Economic and Product Market Databook

Description:
What is Latent Demand and the P.I.E.? The concept of latent demand is rather subtle. The term latent typically refers to something that is dormant, not observable, or not yet realized. Demand is the notion of an economic quantity that a target population or market requires under different assumptions of price, quality, and distribution, among other factors. Latent demand, therefore, is commonly defined by economists as the industry earnings of a market when that market becomes accessible and attractive to serve by competing firms. It is a measure, therefore, of potential industry earnings (P.I.E.) or total revenues (not profit) if a market is served in an efficient manner. It is typically expressed as the total revenues potentially extracted by firms. The “market” is defined at a given level in the value chain. There can be latent demand at the retail level, at the wholesale level, the manufacturing level, and the raw materials level (the P.I.E. of higher levels of the value chain being always smaller than the P.I.E. of levels at lower levels of the same value chain, assuming all levels maintain minimum profitability). The latent demand is not actual or historic sales. Nor is latent demand future sales. In fact, latent demand can be lower either lower or higher than actual sales if a market is inefficient (i.e., not representative of relatively competitive levels). Inefficiencies arise from a number of factors, including the lack of international openness, cultural barriers to consumption, regulations, and cartel-like behavior on the part of firms. In general, however, latent demand is typically larger than actual sales in a country market. It should be noted that the estimates are “culture blind” and “climate blind”, meaning that sales may in fact be lower than the latent demand due to cultural or exogenous factors, such as religion or climate (e.g. the presence of certain religions can effect the actual sales of certain food and beverage products, in the same way that climatic conditions can affect the actual sales of clothing and/or heating products). The estimates of latent demand do not explicitly control for either these long-run exogenous factors or shot-run exogenous factors that may be present from year to year (e.g. the effects of war, SARS, terrorist activities, civil wars, natural disasters, elections, or similar events). Another reason why sales do not equate to latent demand is exchange rates. In this report, all figures assume the long-run efficiency of currency markets. Figures, therefore, equate values based on purchasing power parities across countries. Short-run distortions in the value of the dollar, therefore, do not figure into the estimates. Purchasing power parity estimates of country income were collected from official sources, and extrapolated using standard econometric models. The report uses the dollar as the currency of comparison, but not as a measure of transaction volume. The units used in this report are: uuuu. For reasons discussed later, this report does not consider the notion of “unit quantities”, only total latent revenues (i.e., a calculation of price times quantity is never made, though one is implied). The units used in this report are U.S. dollars not adjusted for inflation (i.e., the figures incorporate inflationary trends) and not adjusted for future dynamics in exchange rates (i.e., the figures reflect average exchange rates over recent history). If inflation rates or exchange rates vary in a substantial way compared to recent experience, actually sales can also exceed latent demand (when expressed in U.S. dollars, not adjusted for inflation). On the other hand, latent demand can be typically higher than actual sales as there are often distribution inefficiencies that reduce actual sales below the level of latent demand. As mentioned earlier, this study is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved. If fact, all the current products or services on the market can cease to exist in their present form (i.e., at a brand-, R&D specification, or corporate-image level) and all the players can be replaced by other firms (i.e., via exits, entries, mergers, bankruptcies, etc.), and there will still be an international latent demand at the aggregate level. Product and service offering details, and the actual identity of the players involved, while important for certain issues, are relatively unimportant for estimates of latent demand. The Methodology In order to estimate the latent demand for Bangladesh, I used a multi-stage approach. Before applying the approach, one needs a basic theory from which such estimates are created. In this case, I heavily rely on the use of certain basic economic assumptions. In particular, there is an assumption governing the shape and type of aggregate latent demand functions. Latent demand functions relate the income of a country, city, state, household, or individual to realized consumption. Latent demand (often realized as consumption when an industry is efficient), at any level of the value chain, takes place if an equilibrium in realized. For firms to serve a market, they must perceive a latent demand and be able to serve that demand at a minimal return. The single most important variable determining consumption, assuming latent demand exists, is income (or other financial resources at higher levels of the value chain). Other factors that can pivot or shape demand curves include external or exogenous shocks (i.e., business cycles), and or changes in utility for the product in question. Ignoring, for the moment, exogenous shocks and variations in utility across countries, the aggregate relation between income and consumption has been a central theme in economics. The figure below concisely summarizes one aspect of problem. In the 1930s, John Meynard Keynes conjectured that as incomes rise, the average propensity to consume would fall. The average propensity to consume is the level of consumption divided by the level of income, or the slope of the line from the origin to the consumption function. He estimated this relationship empirically and found it to be true in the short-run (mostly based on cross-sectional data). The higher the income, the lower the average propensity to consume. This type of consumption function is labeled "A" in the figure below (note the rather flat slope of the curve). In the 1940s, another macroeconomist, Simon Kuznets, estimated long-run consumption functions which indicated that the marginal propensity to consume was rather constant (using time series data across countries). This type of consumption function is show as "B" in the figure below (note the higher slope and zero-zero intercept). The average propensity to consume is constant. Is it declining or is it constant? A number of other economists, notably Franco Modigliani and Milton Friedman, in the 1950s (and Irving Fisher earlier), explained why the two functions were different using various assumptions on intertemporal budget constraints, savings, and wealth. The shorter the time horizon, the more consumption can depend on wealth (earned in previous years) and business cycles. In the long-run, however, the propensity to consume is more constant. Similarly, in the long run, households, industries or countries with no income eventually have no consumption (wealth is depleted). While the debate surrounding beliefs about how income and consumption are related and interesting, in this study a very particular school of thought is adopted. In particular, we are considering the latent demand across some 230 countries. The smallest have fewer than 10,000 inhabitants. I assume that all of these counties fall along a "long-run" aggregate consumption function. This long-run function applies despite some of these countries having wealth, current income dominates the latent demand. So, latent demand in the long-run has a zero intercept. However, I allow firms to have different propensities to consume (including being on consumption functions with differing slopes, which can account for differences in industrial organization, and end-user preferences). Given this overriding philosophy, I will now describe the methodology used to create the latent demand estimates for Bangladesh. Since ICON Group has asked me to apply this methodology to a large number of categories and countries, the rather academic discussion below is general and can be applied to a wide variety of categories and countries, not just Bangladesh. Step 1. Product Definition and Data Collection Any study of latent demand across countries and within Bangladesh requires that some standard be established to define “efficiently served”. Having implemented various alternatives and matched these with market outcomes, I have found that the optimal approach is to assume that certain key countries are more likely to be at or near efficiency than others. These countries are given greater weight than others in the estimation of latent demand compared to other countries for which no known data are available. Of the many alternatives, I have found the assumption that the world’s highest aggregate income and highest income-per-capita markets reflect the best standards for “efficiency”. High aggregate income alone is not sufficient (i.e., China has high aggregate income, but low income per capita and can not assumed to be efficient). Aggregate income can be operationalized in a number of ways, including gross domestic product (for industrial categories), or total disposable income (for household categories; population times average income per capita, or number of households times average household income per capita). Brunei, Nauru, Kuwait, and Lichtenstein are examples of countries with high income per capita, but not assumed to be efficient, given low aggregate level of income (or gross domestic product); these countries have, however, high incomes per capita but may not benefit from the efficiencies derived from economies of scale associated with large economies. Only countries with high income per capita and large aggregate income are assumed efficient. This greatly restricts the pool of countries to those in the OECD (Organization for Economic Cooperation and Development), like the United States, or the United Kingdom (which were earlier than other large OECD economies to liberalize their markets). The selection of countries is further reduced by the fact that not all countries in the OECD report industry revenues at the category level. Countries that typically have ample data at the aggregate level that meet the efficiency criteria include the United States, the United Kingdom and in some cases France and Germany. Latent demand for Bangladesh is therefore estimated using data collected for relatively efficient markets from independent data sources (e.g. Euromonitor, Mintel, Thomson Financial Services, the U.S. Industrial Outlook, the World Resources Institute, the Organization for Economic Cooperation and Development, various agencies from the United Nations, industry trade associations, the International Monetary Fund, and the World Bank). Depending on original data sources used, the definition of a category is established. In the case of this report, the data were reported at the aggregate level, with no further breakdown or definition. In other words, any potential product or service that might be incorporated within a category falls under the broadest definition of the category. Public sources rarely report data at the disaggregated level in order to protect private information from individual firms that might dominate a specific product-market. These sources will therefore aggregate across components of a category and report only the aggregate to the public. While private data are certainly available, this report only relies on public data at the aggregate level without reliance on the summation of various category components. In other words, this report does not aggregate a number of components to arrive at the “whole”. Rather, it starts with the “whole”, and estimates the whole for all countries and the world at large (without needing to know the specific parts that went into the whole in the first place). All figures in this report are for sales resulting from retail channels. Step 2. Filtering and Smoothing Based on the aggregate view of categories as defined above, data were then collected for as many similar countries as possible for that same definition, at the same level of the value chain. This generates a convenience sample of countries from which comparable figures are available. If the series in question do not reflect the same accounting period, then adjustments are made. In order to eliminate short-term effects of business cycles, the series are smoothed using an 2 year moving average weighting scheme (longer weighting schemes do not substantially change the results). If data are available for a country, but these reflect short-run aberrations due to exogenous shocks (such as would be the case of beef sales in a country stricken with foot and mouth disease), these observations were dropped or "filtered" from the analysis. Step 3. Filling in Missing Values In some cases, data are available for countries on a sporadic basis. In other cases, data from a country may be available for only one year. From a Bayesian perspective, these observations should be given greatest weight in estimating missing years. Assuming that other factors are held constant, the missing years are extrapolated using changes and growth in aggregate national income. Based on the overriding philosophy of a long-run consumption function (defined earlier), countries which have missing data for any given year, are estimated based on historical dynamics of aggregate income for that country. Step 4. Varying Parameter, Non-linear Estimation Given the data available from the first three steps, the latent demand in additional countries is estimated using a “varying-parameter cross-sectionally pooled time series model”. Simply stated, the effect of income on latent demand is assumed to be constant across countries unless there is empirical evidence to suggest that this effect varies (i.e., . the slope of the income effect is not necessarily same for all countries). This assumption applies across countries along the aggregate consumption function, but also over time (i.e., not all countries are perceived to have the same income growth prospects over time and this effect can vary from country to country as well). Another way of looking at this is to say that latent demand is more likely to be similar across countries that have similar characteristics in terms of economic development (i.e., African countries will have similar latent demand structures controlling for the income variation across the pool of African countries). This approach is useful across countries for which some notion of non-linearity exists in the aggregate cross-country consumption function. For some categories, however, the reader must realize that the numbers will reflect the contribution of Bangladesh to global latent demand and may never be realized in the form of local sales. For certain country-category combinations this will result in what at first glance will be odd results. For example, the latent demand for the category “space vehicles” will exist for “Togo” even though they have no space program. The assumption is that if the economies in these countries did not exist, the world aggregate for these categories would be lower. The share attributed to these countries is based on a proportion of their income (however small) being used to consume the category in question (i.e., perhaps via resellers). Step 5. Fixed-Parameter Linear Estimation Nonlinearities are assumed in cases where filtered data exist along the aggregate consumption function. Because the world consists of more than 200 countries, there will always be those countries, especially toward the bottom of the consumption function, where non-linear estimation is simply not possible. For these countries, equilibrium latent demand is assumed to be perfectly parametric and not a function of wealth (i.e., a country’s stock of income), but a function of current income (a country’s flow of income). In the long run, if a country has no current income, the latent demand is assumed to approach zero. The assumption is that wealth stocks fall rapidly to zero if flow income falls to zero (i.e., countries which earn low levels of income will not use their savings, in the long run, to demand). In a graphical sense, for low income countries, latent demand approaches zero in a parametric linear fashion with a zero-zero intercept. In this stage of the estimation procedure, low-income countries are assumed to have a latent demand proportional to their income, based on the country closest to it on the aggregate consumption function. Step 6. Aggregation and Benchmarking Based on the models described above, latent demand figures are estimated for all countries of the world, for Bangladesh and for the smallest economies. These are then aggregated to get world totals and regional totals. To make the numbers more meaningful, regional and global demand figures are presented. Figures are rounded, so minor inconsistencies may exist across tables.
 
Contents:
1 INTRODUCTION & METHODOLOGY 30 1.1 Overview & Methodology 30 1.2 Market Potential Estimation Methodology 30 1.2.1 Overview 30 1.2.2 What is Latent Demand and the P.I.E.? 30 1.2.3 The Methodology 31 1.2.3.1 Step 1. Product Definition and Data Collection 33 1.2.3.2 Step 2. Filtering and Smoothing 33 1.2.3.3 Step 3. Filling in Missing Values 34 1.2.3.4 Step 4. Varying Parameter, Non-linear Estimation 34 1.2.3.5 Step 5. Fixed-Parameter Linear Estimation 34 1.2.3.6 Step 6. Aggregation and Benchmarking 35 2 SUMMARY RANKINGS 36 3 AC DRIVES 60 4 ADHESIVES AND SEALANTS 60 5 ADULT ENTERTAINMENT 61 6 ADVERTISING AGENCIES 61 7 AEROSPACE AND DEFENSE EQUIPMENT 62 8 AFTERMARKET PASSENGER CAR TIRES 62 9 AFTER-SUN MOISTURIZERS AND TAN-EXTENDER CREAMS 63 10 AGRICULTURAL CHEMICALS 63 11 AIR CONDITIONING AND REFRIGERATION EQUIPMENT 64 12 ALBUMS AND EPS 64 13 ALCOHOLIC COOLER BEVERAGES 65 14 ALES AND STOUTS 65 15 ALIMENTARY AND METABOLISM PHARMACEUTICALS 66 16 ALUMINA REFINING 66 17 ALUMINUM DIE-CASTING FOUNDRIES 67 18 AMBIENT CANNED SPONGE PUDDING 67 19 AMMONIA-FREE SEMI-PERMANENT HAIR DYES 68 20 AMUSEMENT AND RECREATION SERVICES 68 21 ANALGESICS 69 22 ANALOG CAMCORDERS 69 23 ANTHRACITE MINING 70 24 ANTIDEPRESSANT PHARMACEUTICALS 70 25 ANTIFREEZE 71 26 ANTIPERSPIRANTS AND DEODORANTS 71 27 ANTI-REFLECTIVE GLASS 72 28 ANTISEPTIC FIRST AID CREAMS, SPRAYS, AND WIPES 72 29 APPAREL AND ACCESSORIES 73 30 APPETIZERS AND DIPS 73 31 APPLES 74 32 APPLICATIONS SOFTWARE 74 33 APPLICATION-SPECIFIC INTEGRATED CIRCUITS (ASICS) 75 34 APPLICATOR TAMPONS 75 35 ARCHITECTURAL SERVICES 76 36 ART DEALERS 76 37 ASIAN GREEN TEA 77 38 ATHLETIC FOOTWEAR 77 39 AUDIO COMPONENTS 78 40 AUTO AND HOME SUPPLY STORES 78 41 AVIATION SERVICES 79 42 BABY CARE PRODUCTS 79 43 BACON-FLAVORED POTATO CHIPS 80 44 BAGELS 80 45 BAGGED CHOCOLATE CANDY 81 46 BAKED GOODS 81 47 BAKERIES 82 48 BAKERY PRODUCTS 82 49 BAKING SODA TOOTHPASTE 83 50 BALLPOINT PENS 83 51 BANANAS 84 52 BAPS ROLLS 84 53 BAR SOAP 85 54 BASE CHEMICALS 85 55 BASMATI LONG GRAIN RICE 86 56 BATH AND SHOWER ENHANCERS 86 57 BATTERY EGGS 87 58 BEAUTY AND BARBER SHOPS 87 59 BEEF-FLAVORED POTATO CHIPS 88 60 BEER 88 61 BELUGA CAVIAR 89 62 BEVERAGE MAKERS 89 63 BICYCLES AND BICYCLE ACCESSORIES 90 64 BIOTECHNOLOGY 90 65 BITUMINOUS COAL 91 66 BLACK TEA IN BAGS 91 67 BLANCMANGE AND PUDDING MIX 92 68 BLANK AUDIO CASSETTES 92 69 BLENDED WHISKEY 93 70 BOARD GAMES AND PUZZLES 93 71 BOAT BUILDING 94 72 BODY CARE PRODUCTS 94 73 BOILERS 95 74 BOOK PUBLISHING 95 75 BOTTLED WATER 96 76 BOTTLES OF LAGER BEER 96 77 BOUILLON CUBES 97 78 BOUTIQUE HOTELS 97 79 BOXED PEN AND PENCIL SETS 98 80 BOYS SCHOOL UNIFORMS 98 81 BRAS AND ALLIED GARMENTS 99 82 BREAD 99 83 BREAKFAST CEREALS 100 84 BREATH FRESHENING SPRAYS 100 85 BREWERIES 101 86 BRIEFCASES 101 87 BROADBAND INTERNET ACCESS 102 88 BROADWOVEN FABRIC FINISHING MILLS 102 89 BROOM, BRUSH, AND MOP MANUFACTURING 103 90 BROWN AND WHOLEMEAL BREAD 103 91 BUBBLE GUM 104 92 BUDWEISER LAGER BEER 104 93 BUILDING INSPECTION SERVICES 105 94 BUILT-IN ELECTRIC OVENS 105 95 BULK DISPOSABLE DIAPERS 106 96 BUSES AND COACHES 106 97 BUSINESS SUPPORT SERVICES 107 98 BUTCHER SHOPS 107 99 BUTTER 108 100 CABLE TV 108 101 CAD/CAM/CAE SOFTWARE 109 102 CAFES AND RESTAURANTS 109 103 CAJUN AND CARIBBEAN FOOD 110 104 CAKES AND PASTRIES 110 105 CALCIUM SUPPLEMENTS 111 106 CAMCORDERS 111 107 CAMERA AND PHOTOGRAPHIC SUPPLIES STORES 112 108 CAMPGROUNDS AND RECREATIONAL VEHICLE PARKS 112 109 CANAPÉ APPETIZERS 113 110 CANDLES 113 111 CANDY 114 112 CANNED FISH 114 113 CANS OF LAGER BEER 115 114 CAR AUDIO SYSTEMS 115 115 CASHEWS 116 116 CASINOS AND GAMBLING 116 117 CAST IRON COOKWARE 117 118 CASUAL COMBINATION RESTAURANT/BARS 117 119 CAT FOOD 118 120 CD PLAYERS 118 121 CEILING LIGHT FIXTURES 119 122 CELLULAR TELEPHONES 119 123 CEMENT CONSTRUCTION MATERIALS 120 124 CEMETERIES AND CREMATORIES 120 125 CERAMIC HOUSEWARES 121 126 CHALKBOARDS 121 127 CHEESE MANUFACTURING 122 128 CHEMICALS 122 129 CHERRY-FLAVORED BOTTLED WATER 123 130 CHEWING GUM 123 131 CHICKEN PATTIES 124 132 CHILDRENS AND INFANTS CLOTHING STORES 124 133 CHILLED DESSERTS 125 134 CHINA AND PORCELAIN 125 135 CHINESE SIDE DISHES 126 136 CHIPS AND CRISPS 126 137 CHLORINE BLEACH CLEANING PRODUCTS 127 138 CHOCOLATE CANDY 127 139 CHUTNEY 128 140 CIGARETTE MANUFACTURING 128 141 CIGARS AND CIGARILLOS 129 142 CITRUS FRUIT 129 143 CIVIL AEROSPACE EQUIPMENT 130 144 CLASSIC HANDBAGS 130 145 CLAY BUILDING PRODUCTS 131 146 CLIMBING ROPES 131 147 CLOTHES DRYERS 132 148 CLOTHING ACCESSORIES 132 149 CMOS IMAGE SENSORS 133 150 COATED OR LAMINATED PAPER MANUFACTURING 133 151 COD LIVER OIL DIETARY SUPPLEMENTS 134 152 COFFEE AND TEA MANUFACTURING 134 153 COIN-OPERATED LAUNDRIES AND DRY CLEANERS 135 154 COLAS 135 155 COLLECTION AGENCIES 136 156 COLOR COSMETICS 136 157 COMBINATION VCR/DVD PLAYERS 137 158 COMMERCIAL BAKERIES 137 159 COMMUNICATIONS SERVICES 138 160 COMPACT FLUORESCENT LIGHT BULBS 138 161 COMPLETE DRY DOG FOOD 139 162 COMPOUND COOKING OILS AND FATS 139 163 COMPUTER STORAGE DEVICE MANUFACTURING 140 164 CONCENTRATED LIQUID FABRIC SOFTENERS 140 165 CONCRETE PIPE MANUFACTURING 141 166 CONSOLE VIDEO GAMES 141 167 CONSTRUCTION AND ENGINEERING SERVICES 142 168 CONSUMER BATTERIES 142 169 CONTACT LENSES 143 170 CONTINENTAL AND SPECIALTY PLANT BREAD 143 171 CONTINUOUS AIR FRESHENERS 144 172 CONTROL AND SUPPORT HOSIERY 144 173 CONVENIENCE STORES 145 174 CONVENTIONAL MINERAL OIL 145 175 COOKED CHICKEN PIECES 146 176 COOKIES AND CRACKERS 146 177 COOKING RANGES 147 178 COOLING FANS 147 179 COPPER ROLLING, DRAWING, AND EXTRUDING 148 180 CORDLESS COMPUTER MICE 148 181 CORPORATE STRATEGY SERVICES 149 182 COSMETICS AND TOILETRIES 149 183 COSTUME BRACELETS AND BANGLES 150 184 COTTON DIAPERS 150 185 COUGH AND COLD REMEDIES 151 186 CRACKERS 151 187 CRAFT BEER 152 188 CRAMI 152 189 CREAM CRACKERS 153 190 CREDIT BUREAUS 153 191 CRISPBREADS 154 192 CROISSANTS 154 193 CROSS/UTILITY VEHICLES (CUVS) 155 194 CRUDE PETROLEUM AND NATURAL GAS EXTRACTION 155 195 CRUDITÉS AND DIPS 156 196 CRUISE SHIP TOURISM 156 197 CRUMPETS AND PIKELETS 157 198 CRUSHED AND BROKEN STONE 157 199 CRUSHING OILSEEDS AND TREE NUTS EXCLUDING SOYBEANS 158 200 CRUSTY ROLLS 158 201 CUPCAKES 159 202 CURRENT-CARRYING WIRING DEVICE MANUFACTURING 159 203 CURTAIN AND DRAPERY MILLS 160 204 CUSTOM COMPOUNDING OF PURCHASED RESINS 160 205 CUT ORCHIDS 161 206 DAILY NEWSPAPERS 161 207 DAIRY CREAM 162 208 DARK BRANDY 162 209 DATA PROCESSING AND NETWORK SERVICES 163 210 DECAFFEINATED TEA 163 211 DECORATIVE NATURAL GAS SPACE HEATERS 164 212 DEFENSE INDUSTRY EQUIPMENT 164 213 DEHUMIDIFIERS AND HUMIDIFIERS 165 214 DEHYDRATED SOUP 165 215 DELI FOOD 166 216 DELUXE AND MALT WHISKEY 166 217 DENTAL FLOSS 167 218 DENTURE FIXATIVES AND CLEANSERS 167 219 DEPARTMENT STORES 168 220 DEPOSITORY CREDIT INTERMEDIATION 168 221 DESIGNER BATH AND SHOWER PRODUCTS 169 222 DESKTOP PERSONAL COMPUTERS 169 223 DETERGENT BARS 170 224 DIABETES MONITORING DEVICES 170 225 DIAL-UP INTERNET ACCESS 171 226 DIESEL TRUCKS 171 227 DIETARY SUPPLEMENTS 172 228 DIGESTION AIDS 172 229 DIGITAL CAMERAS 173 230 DIMENSION STONE 173 231 DINING OUT 174 232 DIPS 174 233 DIRECT SELLING ESTABLISHMENTS 175 234 DISCOUNT SUPERSTORES 175 235 DISCRETE SEMICONDUCTORS 176 236 DISHWASHER ADDITIVES 176 237 DISHWASHING PRODUCTS 177 238 DISPOSABLE CAMERAS 177 239 DISTILLATE FUEL OIL 178 240 DISTILLERIES 178 241 DOG FOOD 179 242 DOLLS AND FIGURES 179 243 DOMESTIC HEATING APPLIANCES 180 244 DRAFTING SERVICES 180 245 DRAM (DYNAMIC RANDOM ACCESS MEMORY) 181 246 DRAUGHT LAGER BEER 181 247 DRIED AND DEHYDRATED FOOD MANUFACTURING 182 248 DRINK CONCENTRATES 182 249 DRUG STORES AND PHARMACIES 183 250 DRY PASTA MANUFACTURING 183 251 DUCK AND GOOSE MEAT 184 252 DUFFLE BAGS 184 253 DURABLE GOODS 185 254 DVD PLAYERS 185 255 EASELS 186 256 EATING AND DRINKING PLACES 186 257 ECONOMY DISPOSABLE DIAPERS 187 258 EDIBLE OILS 187 259 EDUCATION AND TRAINING SERVICES 188 260 ELECTRIC BULK POWER TRANSMISSION AND CONTROL 188 261 ELECTRON TUBES 189 262 ELECTROSTATIC BROOMS 189 263 ELEMENTARY AND SECONDARY SCHOOLS 190 264 EMERGENCY CANDLES 190 265 ENERGY DRINKS 191 266 ENGINEERING SERVICES 191 267 ENGINES WITH LESS THAN 1 MEGAWATT OF POWER 192 268 ENGLISH MUFFINS 192 269 ENVELOPE MANUFACTURING 193 270 ENVIRONMENTAL CONSULTING SERVICES 193 271 ERMINE FUR COATS 194 272 ETHNIC APPETIZERS 194 273 EVENING HANDBAGS 195 274 EVERYDAY COOKIES 195 275 EXERCISE EQUIPMENT AND PERSONAL CARE APPLIANCES 196 276 EXPLOSIVES MANUFACTURING 196 277 EXTENDED STAY AND BUSINESS SUITE MOTELS 197 278 EXTERMINATING AND PEST CONTROL SERVICES 197 279 EXTERNAL SANITARY PROTECTION PRODUCTS 198 280 EXTRUDED CRISPBREADS 198 281 EYE CARE TREATMENT 199 282 FABRIC COATING MILLS 199 283 FACIAL AND BODY TONING SYSTEMS 200 284 FAMILY CLOTHING STORES 200 285 FARM MACHINERY AND EQUIPMENT 201 286 FASHION DOLLS 201 287 FAST FOOD 202 288 FAX MACHINES 202 289 FELT-TIPPED AND FIBER-TIPPED PENS 203 290 FEMININE SANITARY PROTECTION 203 291 FERMENTED SAUCES 204 292 FIBER-OPTIC CABLE MANUFACTURING 204 293 FILLED FRESH PASTA 205 294 FILM CAMERAS 205 295 FINANCIAL SERVICES 206 296 FINE FABRIC DETERGENTS 206 297 FINGER ROLLS 207 298 FIRST AID BANDAGES AND DRESSINGS 207 299 FISH AND SEAFOOD MARKETS 208 300 FIXED-LINE TELECOMMUNICATIONS SERVICES 208 301 FLAME-EFFECT ELECTRIC SPACE HEATERS 209 302 FLASH MEMORY 209 303 FLAT GLASS 210 304 FLAVORED ALCOHOLIC BEVERAGES 210 305 FLOOR COVERING RETAILERS 211 306 FLOUR MILLING 211 307 FOLDING PAPERBOARD BOXES 212 308 FOOD ADVERTISING 212 309 FOOT SPAS 213 310 FORESTRY AND FISHING 213 311 FORTIFIED WINES 214 312 FOSSIL FUEL-POWERED ELECTRIC POWER GENERATION 214 313 FOSTERS LAGER BEER 215 314 FOUNTAIN PENS 215 315 FRAGRANCES 216 316 FRANCHISING 216 317 FREE-RANGE EGGS 217 318 FREESTANDING ELECTRIC RANGES 217 319 FREEZE-DRIED INSTANT COFFEE 218 320 FRESH AND FROZEN SEAFOOD PROCESSING 218 321 FROMAGE FRAIS 219 322 FROZEN SPECIALTY FOODS MANUFACTURING 219 323 FRUIT AND VEGETABLE JUICES 220 324 FUEL DEALERS 220 325 FUNCTIONAL CANDLES 221 326 FUNERAL HOMES 221 327 FURNITURE POLISH 222 328 GAMBLING 222 329 GAMING COMPUTER SYSTEMS 223 330 GARDENING MAGAZINES 223 331 GARLIC BREAD 224 332 GAS AND ELECTRIC OVENS 224 333 GEL DEODORANTS 225 334 GENERAL FREIGHT TRUCKING 225 335 GENERIC PRESCRIPTION DRUGS 226 336 GENETICALLY MODIFIED COTTONSEED 226 337 GEOGRAPHIC INFORMATION SYSTEMS (GIS) MAPPING 227 338 GEOPHYSICAL SURVEYING AND MAPPING SERVICES 227 339 GHERKIN SOUR PICKLES 228 340 GIFT, NOVELTY, AND SOUVENIR STORES 228 341 GIFTS 229 342 GIN 229 343 GINSENG SUPPLEMENTS 230 344 GIRLS DRESSES AND BLOUSES 230 345 GLASS CONTAINER MANUFACTURING 231 346 GLOBAL POSITIONING SYSTEM (GPS) RECEIVERS 231 347 GLOBES 232 348 GOLD ORE AND SILVER ORE MINING 232 349 GOLF EQUIPMENT 233 350 GOURMET POTATO CHIPS 233 351 GOVERNMENT PUBLIC HEALTH ACTIVITIES 234 352 GRANOLA BARS AND BREAKFAST CEREAL BARS 234 353 GRAPE JUICE 235 354 GRAPHIC DESIGN SERVICES 235 355 GREEN VEGETABLES 236 356 GREETING CARDS 236 357 GROCERY DISCOUNTERS 237 358 GROUND ROASTED COFFEE 237 359 GSM1X CELLULAR TELEPHONES 238 360 GSM-BASED CELLULAR TELEPHONES 238 361 GUIDED MISSILES AND SPACE VEHICLES 239 362 GUM PROTECTION TOOTHPASTE 239 363 GYPSUM PRODUCTS 240 364 HAIR LIGHTENERS AND DYES 240 365 HALOGEN LIGHT BULBS 241 366 HAND LOTION 241 367 HARD CHEESE 242 368 HDTV 242 369 HEALTH CARE EQUIPMENT AND SUPPLIES 243 370 HEART MONITORS 243 371 HEATING AND COOLING APPLIANCES 244 372 HEAVY BUSES AND COACHES 244 373 HEINEKEN COLD-FILTERED LAGER BEER 245 374 HERBAL AND FRUIT TEA 245 375 HERBS AND SPICES 246 376 HIGH-END AC DRIVES OF AT LEAST 201 KW 246 377 HIGHLY REFINED MINERAL OIL 247 378 HIGHWAY AND STREET CONSTRUCTION 247 379 HIP-HOP RINGTONES 248 380 HISPANIC MUSIC TELEVISION 248 381 HI-TECH LOGISTICS 249 382 HOBBY, TOY, AND GAME STORES 249 383 HOME CENTERS 250 384 HONEY 250 385 HOSIERY STOCKINGS 251 386 HOSPITAL CARE 251 387 HOT BREAKFAST CEREALS 252 388 HOUSEHOLD COOKING APPLIANCE MANUFACTURING 252 389 HUMAN RESOURCE MANAGEMENT SERVICES 253 390 HUNTING, TRAPPING, AND GAME PROPAGATION 253 391 HYPOTONIC SPORTS DRINKS 254 392 ICE MANUFACTURING 254 393 IMITATION LOBSTER MEAT 255 394 IMPORTED WHISKEY 255 395 IMPULSE ICE CREAM 256 396 IN VITRO DIAGNOSTIC EQUIPMENT 256 397 IP-BASED ENTERPRISE NETWORKING EQUIPMENT 257 398 IRON ORE MINING 257 399 ISOTONIC SPORTS DRINKS 258 400 ITALIAN BREAD 258 401 JANITORIAL SERVICES 259 402 JAPANESE FOODS 259 403 JAR FRESHENERS 260 404 JEWELRY MANUFACTURING EXCLUDING COSTUME JEWELRY 260 405 JUICE 261 406 JUVENILE SURFBOARDS 261 407 KELLOGG BRAND COOKIES 262 408 KETCHUP 262 409 KILN FURNITURE 263 410 KITCHEN APPLIANCES 263 411 KITEBOARDING KITES 264 412 KNEE HIGHS HOSIERY 264 413 KNITWEAR 265 414 KRAFT FOODS BRAND COOKIES 265 415 LACY HOSIERY 266 416 LAGER BEER 266 417 LAMBSKIN CONDOMS 267 418 LAMPSHADES 267 419 LAPTOP COMPUTERS 268 420 LARD OILS 268 421 LARGE HOUSEHOLD APPLIANCES 269 422 LAUNDRY BOOSTERS AND ANCILLARIES 269 423 LAWN AND GARDEN EQUIPMENT AND SUPPLIES STORES 270 424 LEAD AND ZINC ORES 270 425 LEATHER AND LEATHER PRODUCTS 271 426 LEGAL SERVICES 271 427 LEGUMES 272 428 LEISURE EDUCATION 272 429 LEMONADE 273 430 LEMON-FLAVORED BOTTLED WATER 273 431 LIBRARIES 274 432 LIFE INSURANCE SOLD BY LIFE INSURANCE COMPANIES 274 433 LIGHT TRUCK AND UTILITY VEHICLE MANUFACTURING 275 434 LIME-FLAVORED SOFT DRINKS 275 435 LINEN AND UNIFORM SUPPLY 276 436 LINGERIE 276 437 LIP COSMETICS 277 438 LIQUEFIED PETROLEUM GAS 277 439 LIQUEURS 278 440 LIQUID OILS 278 441 LOCAL AND INTERURBAN PASSENGER TRANSIT 279 442 LOGGING 279 443 LOGISTICS FOR THE PHARMACEUTICAL INDUSTRY 280 444 LONG GRAIN RICE 280 445 LOOSE TEA 281 446 LOW-CARBOHYDRATE BEER 281 447 LOW-END AC DRIVES WITH 5 TO 40 KW 282 448 LOWER-FAT POTATO SNACKS 282 449 LOW-FAT SPREADS 283 450 LP VINYL RECORD ALBUMS 283 451 LUGGAGE MANUFACTURING 284 452 LUMBER AND WOOD PRODUCTS 284 453 LUXURY HOTELS 285 454 MACADAMIA NUTS 285 455 MACHINE SHOPS 286 456 MACHINING PRECISION TURNED PRODUCTS 286 457 MAGAZINES 287 458 MAINSTREAM TEA 287 459 MALT MANUFACTURING 288 460 MANAGEMENT CONSULTING SERVICES 288 461 MANIFOLD BUSINESS FORMS 289 462 MANMADE FABRIC MILLS 289 463 MANUFACTURED MOBILE HOME DEALERS 290 464 MANUFACTURING DOG AND CAT FOOD 290 465 MARGARINE 291 466 MARINATED TILAPIA 291 467 MARINE FREIGHT SERVICES 292 468 MARKETING RESEARCH AND PUBLIC OPINION POLLING 292 469 MARKING PENS 293 470 MARTIAL ARTS TELEVISION PROGRAMMING 293 471 MASS REPRODUCTION OF COMPUTER SOFTWARE 294 472 MATERIALS HANDLING MACHINERY 294 473 MATURE COMIC BOOKS 295 474 MAYONNAISE 295 475 MEAL REPLACEMENT DRINKS 296 476 MEASURING AND CONTROLLING INSTRUMENTS 296 477 MEAT MARKETS AND DELICATESSENS 297 478 MEDIA BUYING AGENCIES 297 479 MEDICAL EQUIPMENT AND SUPPLIES 298 480 MEDICATED SKIN CARE 298 481 MEDIUM AND HEAVY TRUCKS 299 482 MENS ACCESSORIES 299 483 MENSWEAR 300 484 MENTHOL CIGARETTES 300 485 METAL ORE MINING 301 486 MEXICAN COOKING SAUCES 301 487 MICRO AC DRIVES WITH MAXIMUM 4 KW 302 488 MIDDLEWEIGHT DUAL MOTORCYCLES 302 489 MID-RANGE AC DRIVES WITH 41 TO 200 KW 303 490 MILD DETERGENTS 303 491 MILITARY FACILITIES 304 492 MILK BEVERAGES 304 493 MILLER PILSNER BEER 305 494 MILLWORK 305 495 MINERAL WOOL MANUFACTURING 306 496 MINI SWISS ROLLS 306 497 MINK FUR COATS 307 498 MIXED SOUR PICKLES 307 499 MIXING INGREDIENTS TO MAKE FERTILIZER 308 500 MOBILE AND STREET FOOD VENDORS 308 501 MODEL WHEELED VEHICLES 309 502 MODEMS 309 503 MOIST CAT FOOD 310 504 MONOCHROMATIC TELEVISION SETS 310 505 MORNING BAKERY GOODS 311 506 MOTOR VEHICLE BODY MANUFACTURING 311 507 MOUNTAIN BIKES 312 508 MOUNTAIN SNOWBOARDS 312 509 MOUTHWASH 313 510 MOUTHWASHES AND BREATH FRESHENERS 313 511 MP3 CELLULAR TELEPHONES 314 512 MSC ECO-LABEL WILD ALASKAN SALMON 314 513 MULTIPACKS OF CHILDRENS ICE CREAM BARS 315 514 MULTISERVE FROMAGE FRAIS 315 515 MULTIVITAMINS 316 516 MUSHROOMS 316 517 MUSIC ALBUMS ON COMPACT DISCS (CDS) 317 518 NAIL POLISH AND HOME MANICURE PRODUCTS 317 519 NAND FLASH MEMORY CARDS 318 520 NARROW FABRIC MILLS 318 521 NATIONAL NEWSPAPERS 319 522 NATURAL CORK WINE BOTTLE STOPPERS 319 523 NET, LACE, AND VOILE CURTAINS 320 524 NETWORK HUBS 320 525 NEUROSTIMULATORS 321 526 NEW CAR DEALERS 321 527 NITROGENOUS FERTILIZER MANUFACTURING 322 528 NON-AIRPORT CAR RENTALS 322 529 NON-ALCOHOLIC BEER 323 530 NON-CHOCOLATE CONFECTIONERY MANUFACTURING 323 531 NON-CITRUS FRUIT 324 532 NON-CURRENT-CARRYING WIRING DEVICE MANUFACTURING 324 533 NON-DAILY NEWSPAPERS 325 534 NON-DEPOSITORY CREDIT INTERMEDIATION 325 535 NON-DURABLE GOODS 326 536 NON-EXTRUDED CRISPBREADS 326 537 NON-FARM HOUSING SERVICES 327 538 NON-FERROUS FORGING 327 539 NON-FOOD RETAIL SALES 328 540 NON-INSTANT LONG GRAIN RICE 328 541 NON-INTEREST COMMERCIAL BANKING 329 542 NON-METALLIC MINERAL MINING AND QUARRYING 329 543 NONMETALLIC MINERAL SERVICES 330 544 NON-PROFIT RELIEF AND HUMANITARIAN AID 330 545 NON-RESIDENTIAL CONSTRUCTION AND ENGINEERING 331 546 NON-STORE RETAILERS AND MAIL ORDER 331 547 NON-WOOD OFFICE FURNITURE MANUFACTURING 332 548 NONWOVEN FABRIC MILLS 332 549 NUCLEAR ELECTRIC POWER GENERATION 333 550 NURSERY, GARDEN CENTER, AND FARM SUPPLY STORES 333 551 NURSING HOMES 334 552 NUTRITIONAL SUPPLEMENTS 334 553 OFFICE SUPPLIES AND STATIONERY STORES 335 554 OIL 335 555 OIL, GAS, AND MINING EXPLORATION SERVICES 336 556 OIL-, SOLID FUEL-, AND ELECTRIC-POWERED BOILERS 336 557 OIL-FILLED ELECTRIC SPACE HEATERS 337 558 OILS AND FATS 337 559 OLIVE AND SPECIALTY LIQUID OILS 338 560 ONE-CUP TEA BAGS 338 561 ONIONS AND SHALLOTS 339 562 ONLINE ANALYTICAL PROCESSING (OLAP) 339 563 OPAQUE HOSIERY 340 564 OPERATIONS MANAGEMENT SERVICES 340 565 OPHTHALMIC GOODS MANUFACTURING 341 566 OPTICAL INSTRUMENT AND LENS MANUFACTURING 341 567 ORAL CARE STRIPS 342 568 ORANGE JUICE 342 569 ORGANIC DAIRY FOODS AND DRINKS 343 570 ORTHOPEDIC HIP IMPLANTS 343 571 ORTHOTIC INSOLES 344 572 OSTRICH MEAT 344 573 OTC HEALTHCARE PRODUCTS 345 574 OUTDOOR POWER EQUIPMENT STORES 345 575 OUTERWEAR CLOTHING AND ACCESSORIES 346 576 OUTSET LFE NATURAL GAS SPACE HEATERS 346 577 OUTSOURCING SERVICES 347 578 OVENS AND STOVES 347 579 OVERNIGHT MAXI PADS 348 580 OVER-THE-COUNTER DRUGS 348 581 PACKAGED CELEBRATION CAKES 349 582 PACKAGING AND LABELING SERVICES 349 583 PAGERS 350 584 PAID INTERNET SEARCH ADVERTISING 350 585 PAINT AND WALLPAPER STORES 351 586 PANCAKES AND GRIDDLE SCONES 351 587 PANTYLINERS 352 588 PAPER AND ALLIED PRODUCTS 352 589 PARKING LOTS, GARAGES, AND VALET PARKING SERVICES 353 590 PARMALAT FINANZIARIA COOKIES 353 591 PASSENGER CAR RENTAL AND LEASING 354 592 PASSIVE COMPONENTS 354 593 PASTA AND NOODLES 355 594 PC VIDEO GAME SOFTWARE 355 595 PEANUTS 356 596 PEARS 356 597 PEER-TO-PEER VOIP SOFTWARE 357 598 PENCILS AND CRAYONS 357 599 PERIODICALS 358 600 PERISHABLE PREPARED FOODS MANUFACTURING 358 601 PERMANENT EMPLOYMENT SERVICES 359 602 PERSONAL HEALTH CARE 359 603 PET AND PET SUPPLIES STORES 360 604 PHARMACIES AND DRUG STORES 360 605 PHONETIC FLASH CARDS 361 606 PHOSPHATE ROCK MINING 361 607 PHOSPHATIC FERTILIZER MANUFACTURING 362 608 PHOTO PRINTERS 362 609 PHYSICIANS SERVICES 363 610 PICCALILLI RELISH 363 611 PICKLE AND CHUTNEY CONDIMENTS 364 612 PISTACHIOS 364 613 PIZZAS 365 614 PLAIN NOODLES 365 615 PLANT BREAD 366 616 PLASMA DISPLAY PANELS 366 617 PLASTIC HOUSEWARES 367 618 PLUMBED-IN WATER FILTERS 367 619 PLUMBING PRODUCTS 368 620 PLUSH TOYS 368 621 POLISHING SUPPLIES 369 622 POLLOCK 369 623 POLLUTION CONTROL EQUIPMENT AND SERVICES 370 624 POLYCARBONATE SPORTS BOTTLES 370 625 POLYMERASE CHAIN REACTION (PCR) MACHINES 371 626 POPCORN 371 627 PORE CLEANSING STRIPS 372 628 PORK PIES 372 629 PORT AND SHIPBUILDING EQUIPMENT 373 630 POTASH, SODA, AND BORATIC MINERALS MINING 373 631 POTATO CHIPS 374 632 POTTED POINSETTIA PLANTS 374 633 POULTRY PROCESSING 375 634 POWDER DETERGENTS 375 635 POWER TOOTHBRUSHES 376 636 PRAWN APPETIZERS AND DIPS 376 637 PRECIOUS METAL JEWELRY AND PERSONAL ARTICLES 377 638 PREFABRICATED METAL BUILDINGS 377 639 PREMIUM AND SUPER PREMIUM ICE CREAM 378 640 PREMIXED ALCOHOLIC BEVERAGES 378 641 PREPARED AND PROCESSED CHICKEN AND TURKEY POULTRY 379 642 PRE-RECORDED CASSETTES 379 643 PRERECORDED TAPE, COMPACT DISC, AND RECORD STORES 380 644 PRESCRIPTION EYEGLASS FRAMES 380 645 PRESENTATION MATERIALS 381 646 PRIMARY ALUMINUM PRODUCTION 381 647 PRINTED CIRCUIT BOARDS 382 648 PRINTERS 382 649 PRINTING SPECIAL BUSINESS FORMS AND CHECKBOOKS 383 650 PRIVATE RESIDENTIAL CONSTRUCTION 383 651 PROCESSED FISH AND CRAB 384 652 PROFESSIONAL ANALOG COMPASSES 384 653 PROGRAMMABLE LOGIC DEVICES 385 654 PROPELLING PENCILS 385 655 PROPERTY AND CASUALTY INSURANCE 386 656 PROTEOMIC PROTEIN CHIPS 386 657 PUBLIC RELATIONS AGENCIES 387 658 PUBLISHING ADVERTISING 387 659 PUBS, CLUBS, AND NIGHTCLUBS 388 660 PUFFS 388 661 PULMONARY DRUG DELIVERY SYSTEMS 389 662 PULP MILLS 389 663 PUMP DEODORANTS 390 664 PURSES 390 665 RADIANT NATURAL GAS SPACE HEATERS 391 666 RADIATORS AND PUMPS 391 667 RADIO AND TELEVISION BROADCASTING 392 668 RAILROAD EQUIPMENT 392 669 RANGE HOODS 393 670 READY MEALS 393 671 REAL ESTATE INVESTMENT TRUSTS 394 672 RECONSTITUTED WOOD PRODUCTS 394 673 RECORDED MUSIC 395 674 RECREATIONAL VEHICLE DEALERS 395 675 RED AND ROSÉ WINE 396 676 REFERENCE SOFTWARE 396 677 REFINING CANE SUGAR FROM RAW CANE SUGAR 397 678 REFLECTOR LIGHT BULBS 397 679 REFRIGERATION AND HEATING EQUIPMENT 398 680 REGIONAL NEWSPAPERS 398 681 RELAYS AND INDUSTRIAL CONTROLS 399 682 RELISH 399 683 REMEDIATION SERVICES 400 684 RENDERING ANIMAL FAT, BONES, AND MEAT SCRAPS 400 685 RENEWABLE ENERGY EQUIPMENT 401 686 RENTAL OF TRUCKS WEIGHING 3.51 TO 15 TONS 401 687 REPLACEMENT TIRES FOR CARS AND LIGHT VANS 402 688 RESIDENTIAL CONSTRUCTION 402 689 RESIDUAL FUEL OIL 403 690 RESTAURANTS 403 691 RETAIL BAKERIES 404 692 RETIREMENT SAVINGS PLANS 404 693 RETREADING OR REBUILDING TIRES 405 694 REUPHOLSTERY AND FURNITURE REPAIR 405 695 REUSABLE PLASTICS FOOD CONTAINERS 406 696 REWRITABLE COMPACT DISC MEDIA (CD-RWS) 406 697 RFID TAGS 407 698 RICE MILLING 407 699 RIDE-ON TOYS 408 700 RINGTONES 408 701 ROAD BIKES 409 702 ROLLERBALL PENS 409 703 ROLL-ON DEODORANTS 410 704 ROOMING AND BOARDING HOUSES 410 705 ROOT VEGETABLES 411 706 ROPE, CORDAGE, AND TWINE MILLS 411 707 ROYAL JELLY SUPPLEMENTS 412 708 RUBBER BRACELETS 412 709 SALAD ACCOMPANIMENTS 413 710 SALINE BREAST IMPLANTS 413 711 SALON HAIR CARE PRODUCTS 414 712 SALT AND VINEGAR POTATO CHIPS 414 713 SANDWICH CRACKERS 415 714 SANITARY PROTECTION PRODUCTS 415 715 SATELLITES 416 716 SAUCES, SALAD DRESSINGS, AND CONDIMENTS 416 717 SAUSAGE ROLL APPETIZERS 417 718 SAVORY SNACKS 417 719 SAW/BAW DUPLEXERS 418 720 SAWMILLS 418 721 SCANNERS 419 722 SCENTED CANDLES 419 723 SCHIFFLI MACHINE EMBROIDERY 420 724 SCHOOL FOOD SERVICE 420 725 SCONES 421 726 SCRAP RECYCLING 421 727 SCREW MACHINE PRODUCTS 422 728 SEAFOOD CANNING 422 729 SEASONAL COOKIES 423 730 SECONDARY SMELTING AND ALLOYING OF ALUMINUM 423 731 SECURITY SYSTEMS SERVICES 424 732 SELF-TANNING PRODUCTS 424 733 SEMICONDUCTOR AND RELATED DEVICE MANUFACTURING 425 734 SEMI-MOIST DOG FOOD 425 735 SEMI-PERMANENT HAIR COLORANTS 426 736 SENSORS 426 737 SERVICES 427 738 SET FRENCH YOGURTS 427 739 SEWAGE TREATMENT FACILITIES 428 740 SEWER FACILITIES 428 741 SEWING, NEEDLEWORK, AND PIECE GOODS STORES 429 742 SEX TOYS 429 743 SHAMPOO 430 744 SHAVING RAZORS AND BLADES 430 745 SHEER WINDOW FURNISHINGS 431 746 SHELLFISH 431 747 SHIP BUILDING AND REPAIRING 432 748 SHOE POLISH 432 749 SILICONE CONTACT LENSES 433 750 SILVER ORE MINING 433 751 SINGLE-SERVING DRY AMBIENT SNACKS 434 752 SKIN CARE PRODUCTS 434 753 SKOL LAGER BEER 435 754 SLAUGHTERING ANIMALS EXCLUDING POULTRY 435 755 SLEEPING BAGS 436 756 SLICED COOKED MEAT 436 757 SLOW-RELEASE HOUSEHOLD FRESHENERS 437 758 SMALL FIREARMS MANUFACTURING 437 759 SMART CARS 438 760 SMIRNOFF ICE READY-TO-DRINK ALCOHOLIC BEVERAGES 438 761 SMOKED SALMON 439 762 SMOKERS TOOTHPASTE 439 763 SMOOTHIES 440 764 SNACK FRUIT PIES 440 765 SNOWBOARDING BOOTS FOR STEP-IN BINDINGS 441 766 SNOWMOBILES 441 767 SOCCER BALLS 442 768 SOCKS, STOCKINGS, AND TIGHTS 442 769 SOFT CHEESE 443 770 SOLAR VESTS 443 771 SOLID AND SEMI-SOLID COOKING FATS 444 772 SOUP 444 773 SOUR BEETROOT PICKLES 445 774 SOY MILK 445 775 SPACE HEATERS 446 776 SPARKLING MINERAL WATER 446 777 SPECIAL OCCASION WRITING INSTRUMENTS 447 778 SPICE AND EXTRACT MANUFACTURING 447 779 SPORTING GOODS RETAILERS 448 780 SPORTS AND ENERGY DRINKS 448 781 SPREADABLE OILS AND FATS 449 782 SPREADS AND MARGARINES 449 783 SQUASH BALLS 450 784 SRAM (STATIC RANDOM ACCESS MEMORY) 450 785 STACKING POTATO CHIPS 451 786 STANDARD AND BULK ICE CREAM 451 787 STAPLERS 452 788 STATIONARY BICYCLES 452 789 STEAM AND AIR CONDITIONING SUPPLY 453 790 STEEL WIRE DRAWING 453 791 STELLA ARTOIS LAGER BEER 454 792 STICK AND SOLID DEODORANTS 454 793 STILL BOTTLED WATER 455 794 STONE MINING AND QUARRYING 455 795 STORAGE BATTERY MANUFACTURING 456 796 SUGAR CANDY 456 797 SUN CARE PRODUCTS 457 798 SUPER PREMIUM TAKE-HOME ICE CREAM 457 799 SUPPORT ACTIVITIES FOR AIR TRANSPORTATION 458 800 SURFACE ACTIVE AGENT MANUFACTURING 458 801 SWEET PICKLES 459 802 SWITCHGEAR AND SWITCHBOARD APPARATUS 459 803 SYNTHETIC AND SEMI-SYNTHETIC OIL 460 804 TABLE LAMPS 460 805 TAKE-HOME COMPLETE ICE CREAM DESSERTS 461 806 TALCUM POWDER 461 807 TAMPONS WITHOUT APPLICATOR 462 808 TANNING BEDS 462 809 TAPIOCA TEA DRINKS 463 810 TARTAR CONTROL TOOTHPASTE 463 811 TAXICABS 464 812 TEA LIGHTS 464 813 TEEN ENTERTAINMENT MAGAZINES 465 814 TELECOMMUNICATIONS EQUIPMENT 465 815 TELEPHONE AND TELEGRAPH FACILITIES 466 816 TELEVISION BROADCASTING 466 817 TEMPORARY EMPLOYMENT SERVICES 467 818 TENNENTS LAGER BEER 467 819 TEQUILA AND MESCAL SPIRITS 468 820 TESTING LABORATORIES 468 821 TEX-MEX FOODS 469 822 TEXTILE FABRICS 469 823 THAI FOODS 470 824 THIGH HIGHS HOSIERY 470 825 THREAD MILLS 471 826 TIRE CORD AND TIRE FABRIC MILLS 471 827 TISSUES 472 828 TITANIUM LACROSSE STICKS 472 829 TOBACCO STEMMING AND REDRYING 473 830 TOILET BLEACHING TABLETS 473 831 TONE-ON-TONE HAIR COLORANTS 474 832 TOOTHBRUSHES 474 833 TOOTHPASTE FOR SENSITIVE TEETH 475 834 TORTILLA MANUFACTURING 475 835 TOY STORES 476 836 TRADITIONAL CHUTNEY 476 837 TRAIL MIX 477 838 TRANSFORMERS 477 839 TRANSLATION AND INTERPRETATION SERVICES 478 840 TRANSPORTATION EQUIPMENT 478 841 TRAVEL TRAILER AND CAMPER MANUFACTURING 479 842 TREATS FOR DOGS 479 843 TRUCK TRAILER MANUFACTURING 480 844 TURKEY PIECES 480 845 ULTRA DISPOSABLE DIAPERS 481 846 UNDERWATER DIGITAL CAMERAS 481 847 UNDERWEAR, NIGHTWEAR, AND SWIMWEAR 482 848 UNDERWIRE BRAS 482 849 UNISEX FRAGRANCES 483 850 UNLEADED GASOLINE 483 851 UNSCENTED CANDLES 484 852 UPHOLSTERED HOUSEHOLD FURNITURE MANUFACTURING 484 853 URANIUM-RADIUM-VANADIUM ORES 485 854 USED CAR DEALERS 485 855 UTILITIES 486 856 VACUUM CLEANERS 486 857 VALVES AND PIPE FITTINGS 487 858 VEGETABLE AND SEED OILS 487 859 VEGETARIAN FOODS 488 860 VENETIAN BLINDS 488 861 VENTURE CAPITAL 489 862 VERTICAL BLINDS 489 863 VIDEO TAPE AND DISC RENTALS 490 864 VIENNA AND FRENCH BREAD 490 865 VITAMIN TONICS 491 866 VODKA 491 867 VOICE-RECOGNITION DICTATION SOFTWARE 492 868 VOIP TELEPHONE SERVICE 492 869 VOL-AU-VENT APPETIZERS 493 870 WAFFLES 493 871 WALLETS AND PURSES 494 872 WALL-MOUNTED LIGHT FIXTURES 494 873 WASHER-DRYERS 495 874 WASHING MACHINES 495 875 WATCHES 496 876 WATER SUPPLY AND IRRIGATION SYSTEMS 496 877 WCDMA/UMTS-BASED CELLULAR TELEPHONES 497 878 WEB SERVERS 497 879 WEDDING DRESSES 498 880 WEFT KNIT FABRIC MILLS 498 881 WEIGHT GAINER AND MUSCLE BUILDER SUPPLEMENTS 499 882 WELDING AND SOLDERING EQUIPMENT MANUFACTURING 499 883 WET MILLING OF CORN 500 884 WHISKEY 500 885 WHITE BREAD 501 886 WHOLE CHICKEN POULTRY 501 887 WI-FI CELLULAR TELEPHONES 502 888 WINDOW BLINDS 502 889 WINE 503 890 WINERIES 503 891 WINTER SPORTING GOODS 504 892 WIPES 504 893 WIRELESS COMMUNICATION SERVICES 505 894 WIRING DEVICES 505 895 WOMENS APPAREL AND ACCESSORIES 506 896 WOMENSWEAR AND LINGERIE 506 897 WOOD PRESERVATION 507 898 WOOL YARN 507 899 WORKERS COMPENSATION INSURANCE 508 900 WRITING INSTRUMENT REFILLS 508 901 YARN SPINNING MILLS 509 902 YELLOW FATS 509 903 YOGA MATS 510 904 YOGURT WITH LIVE CULTURES 510 905 DEFINITION OF TERMS 511 906 DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS 596 906.1 Disclaimers & Safe Harbor 596 906.2 ICON Group International, Inc. 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