Question

why is competiton an important factor that has to be studied putting up business

Answer 1

Answer:

Competition is important to your business because it enables you to identify your specific and unique traits that are appealing to customers.

Explanation:

Competition is an invitable part of the buisness world, for business of any size. It is not a necesarry evil, but rather an important part of the business ecosystem. in fact competition can be an effective tool for growing and improving your business.