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Taxonomy is a state of identifying hierarchical relationships within a category. Taxonomies are useful for organizing information for both internal and external consumption. Within a company, taxonomy can be used for classifying documents into categories such as proposals, contracts, letters and briefings. Taxonomy could involve just filing documents by year or could be a more complicated classification. Each taxonomy is designed to categorize items within just one dimension. For example, home improvement stores have taxonomies of their products. Tools are classified into power tools and hand tools, and hand tools are classified into products like hammers and wrenches and then...

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