A client wants to know the total addressable market for mattress sales in New York City. Without calculating the actual number, which type of statement below would best satisfy the client’s request?
The total addressable market is $540 million annually.
The total addressable market is everyone who needs to replace or buy new bedroom furniture.
The total addressable market is 1.1 million bed frames.
The total addressable market is $500 per mattress.
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The meaning of a market is: This is the total of all the sellers and buyers in a region or an area.
From this definition we can get the right statement which is:
The total addressable market is anyone who needs to replace or buy new bed room furniture.
From this definition we can get the right statement which is:
The total addressable market is anyone who needs to replace or buy new bed room furniture.
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