The significance of the target market to competitors in a competitive landscape is crucial. It determines the potential market share that each competitor can capture. It also provides insights into the strengths and weaknesses of competitors, their opportunities to enter the market, and any limitations that may prevent them from entering the market. Furthermore, understanding the target market can help identify indirect competitors who may impact success.
Evaluate your position in the market and familiarize how you compare against competitors to do more...
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