A business can identify its top competitors and their ranking by conducting a thorough market analysis. This involves identifying other businesses that offer similar products or services, and then comparing their market share, customer base, and reputation. Online tools and databases can provide information on a company's financials, customer reviews, and overall market presence. Additionally, attending industry events and networking can also provide insights into competition. It's also important to keep an eye on emerging trends and new entrants to the market.
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