The level of competition for business in the market is an important criteria considered by retailers while selecting the target market.

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The level of competition in a market is a crucial factor that retailers consider while selecting their target market. Retailers need to identify markets that have low levels of competition to ensure that they have a better chance of success in the market. By doing so, retailers can differentiate themselves from their competitors and create unique value propositions that appeal to their target customer segment. Additionally, a market with low competition may offer more opportunities for growth and profit compared to a saturated market.

The Level of Competition for Business in the Market Is