you don't have to compare your book to any others... and 'audience' refers the target market... as in children, YAs, adults, paperback romance addicts, new agers, or whatever...
i would strongly suggest you not call your work 'literary fiction' since it's not up to you to say it's 'literary' quality... here's an excerpt from eharlequin.com, re the difference between 'the big two':
Quote:
The Big Two: Popular Fiction versus Literary Fiction.
The simplest definition of popular fiction is that these are stories written with the primary goal of entertaining their reader. This genre's whole purpose is to carry the reader away: to grab you from the start and pull you through a story that engages and entertains from the first page to the last.
The goal of literary fiction isn't to entertain, but to challenge the reader and, at best, to elevate her thoughts. Literary-fiction writers have their gaze turned inward: they're exploring the process of writing itself, as well as exploring big questions like truth and identity and what it is to be human. Popular fiction can also encompass these things, but it does so in the process of telling a great story. Think of it this way: popular-fiction writers are focused on the art of storytelling rather than focused on the art of writing.
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