Answer:
Why is it important to be aware of your direct and indirect competitors? What will you do to gain a competitive advantage and stand out
It's also important to continuously monitor and analyze your competitors' activities, so you can stay abreast of any changes in the market and adapt your own strategy accordingly. This could involve regularly checking your competitors' websites, social media accounts, and other online platforms to see what they are doing, as well as keeping an eye on industry news and trends.
In addition to staying informed about your competitors, it's also important to regularly review and assess your own business's strengths, weaknesses, opportunities, and threats (also known as a SWOT analysis). This can help you identify areas where you can improve and areas where you have a competitive advantage, so you can make informed decisions about how to position your business in the market.