Question

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.

Answer 1

Its the second one i think. It isn't calculating any actual number, it is giving a sort of broad answer of everyone that needs it new or replaced