Position
Location, Place
noun, する verb
Go ahead and put a rank on something. This one is rank #1, so its position is up higher. Then you put a rank #67 on something. That one's position is lower.
いち
This is a jukugo word, which usually means on'yomi readings from the kanji. If you know the readings of your kanji you'll know how to read this as well.
位置について、用意、ドン！
On your mark, get set, go!