-based Meaning in the Cambridge English Dictionary
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Meaning of “-based” in the English Dictionary

"-based" in British English

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-basedsuffix

uk   us   /-beɪst/

-based suffix (MAIN PLACE)

used to ​formadjectivesshowing the ​mainplace or ​area in which something or someone ​works, ​lives, or does ​business: a Manchester-based ​company community-based ​programs

-based suffix (MAIN PART)

used to ​formadjectivesdescribing the ​main thing from which a ​particularsubstance or ​object is made: This is a cream-based ​sauce.
(Definition of -based from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"based" in Business English

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basedadjective

uk   us   /beɪst/
if one thing is based on another, it is ​developed from it: be based on sth All these new ​products were based on extensive ​marketresearch. market-based ​policy decisions
See also
working or doing ​business in a particular ​place, or in a particular way: Where are you based? In Berlin or Frankfurt?be based in The ​company is based in Toronto.Tokyo-based/UK-based, etc. It's a US-based ​securitycompany. You have the ​option of being either home-based or office-based.web-based/internet-based We are ​dependent on our web-based ​marketingactivities.
(Definition of based from the Cambridge Business English Dictionary © Cambridge University Press)
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