{"iri":"https://folio.openlegalstandard.org/RwU3GRvqoQYs6Q6rnbA9rQ","label":"Local Market Segment","sub_class_of":["https://folio.openlegalstandard.org/RBSftPgkpTWJ4IzuvXyLBVG"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"Community Segment","alternative_labels":["Neighborhood Market Segment"],"translations":{},"hidden_label":null,"definition":"The local segment refers to a portion of the market that is focused on consumers and businesses within a specific, limited geographical area, such as a city, town, or neighborhood. This segment encompasses products, services, and marketing strategies that are tailored to meet the needs and preferences of the local population, often considering hyper-local culture, traditions, and consumer behavior.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}