Meaning of “-based” in the English Dictionary

"based" in Business English

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uk /beɪst/ us

if one thing is based on another, it is developed from it:

be based on sth All these new products were based on extensive market research.
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 security company.
You have the option of being either home-based or office-based.
web-based/internet-based We are dependent on our web-based marketing activities.

(Definition of “based” from the Cambridge Business English Dictionary © Cambridge University Press)