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LSDefine

Simple English definitions for legal terms

geographic market

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A quick definition of geographic market:

A geographic market is a place where people want to buy certain things. It can be a specific area or group of people who want to buy something. For example, if many people in a certain city want to buy pizza, that city is a geographic market for pizza. It's important for businesses to know their geographic market so they can sell their products to the right people in the right place.

A more thorough explanation:

A geographic market is a specific area or demographic segment where there is demand for particular goods or services. It is a part of the relevant market that identifies the regions in which a firm might compete. If a firm can raise prices or cut production without causing a quick influx of supply to the area from outside sources, that firm is operating in a distinct geographic market.

For example, if a company sells surfboards in California, their geographic market would be the state of California. If they try to raise prices, they will not face competition from surfboard sellers in other states because shipping costs would make it unprofitable for those sellers to compete in California.

Another example is a restaurant that serves a specific type of cuisine, such as Mexican food. Their geographic market would be the area where there is demand for Mexican food, such as neighborhoods with a high Hispanic population or areas with a lack of Mexican restaurants.

geographically descriptive trademark | geographic name

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17:12
@Dkk: okay now we know you are not indian
17:13
@babycat: only a fool would do something like that lol why your actual name is connected and associated with the school!
babycat
17:13
I don’t know what wizard101 is sorry
babycat
17:13
@EvolBunny: yeah lol you gotta be a brand new kind of stupid for that
17:13
Like i imagine balls and horseymeds are some of the kindest people irl lol
17:14
in a professional setting
babycat
17:14
Balls is my buddy and I love him but he literally does say slurs out on the street
babycat
17:14
Not in a professional setting though
17:14
But does he at work and around school settings?
17:14
Or only wit his homies in his time
Dkk
17:14
Thank you @EvolBunny
babycat
17:14
Yeah and he buys me margaritas :)
babycat
17:15
Idk about horsey that guy seems like a freak
17:15
He is an arsehole but he is your asshole
1a2b3c4d26z
17:15
Would kill for a marg
Dkk
17:15
*spreads ass in mirror to check*
babycat
17:15
one million margs at nyc lsd meetup
Dkk
17:16
Nope, not my asshole.
1a2b3c4d26z
17:17
I will walk to nyc to do this
17:17
send it
1a2b3c4d26z
17:17
omw
17:18
Pick up @splitterusclitterus
letsdoadrill
17:18
What time will UCLA begin giving out decisions tomorrow if there’s a wave?
17:19
Who cares about that carp skool
letsdoadrill
17:19
Me
letsdoadrill
17:20
I don’t really care about bantering here tbh I just thought yall would know the time it would
17:20
off wit ya then oy
babycat
17:20
i have no idea if it happens it happens. look at reddit or something
babycat
17:21
@1a2b3c4d26z: yay
Dkk
17:22
UCLA? I am gunna take a guess and say the wave will come out at 11:22:24 on 11/22/24.
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