A clone market is a [[market type]] that takes a successful business model that has proven effective in one geographic location, often the United States, and adapts it to the specific cultural, linguistic, regulatory, and market conditions of another region. This differs from an [[existing market]], where a business competes directly with established players within the same local market without necessarily replicating a foreign model. It's also distinct from a [[resegmented market]], which focuses on identifying and serving a specific niche within an already existing local market, rather than adopting a broader business model from abroad. Finally, a clone market contrasts with a [[new market]], where the goal is to create an entirely novel product or service and establish a new customer base, rather than replicating an existing concept.