A Study of the Introduction of Concept and Model Building about Local Format Business

Abstract

Local Format Business (LFB) is a business model which gives predictability and stability to the subject which promotes regional vitalization. In recent years, in the measures of regional vitalization, we can find what propagates success experience and what appeals to consumers by several similar areas cooperating. Based on these examples, we introduce the concept of LFB and start the study for building hypothetical model about LFB. Furthermore, we examine effects and problems of LFB and present future research tasks.