Business and finance help needed with feasibility study and a discussion question

A key piece of research for your feasibility study is to identify your competitors- both direct and indirect.  Every business has competition.  If you claim to an investor or a bank that you have no competition, you just lost the deal.

For example, if you plan to open a night club, you are vying for a share of your customers’ night time entertainment dollar.  What other choices do they have for that dollar?

(Please provide good quality and original response. Thank you!)

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