Asked by Jaden Strong on Feb 18, 2024
Verified
As described in the text,what would be the TAM for a new restaurant in a major U.S.city?
A) the range of people who eat out at restaurants and who live in a reasonable travel distance from your restaurant
B) every possible customer who visits restaurants in the United States,has the income that matches your price point,and is likely to hear about your restaurant
C) every customer who visits restaurants in that city
D) every possible customer who visits restaurants in the United States
- Identifying the factors that contribute to TAM, such as the range of people who eat out at restaurants and live within a reasonable travel distance from the restaurant.
- Recognizing the importance of targeting customers with the income that matches the restaurant's price point and who are likely to hear about the restaurant.
- Understanding the concept of TAM (Total Addressable Market) for a new restaurant in a major U.S. city.
Verified Answer
DK
Learning Objectives
- Identifying the factors that contribute to TAM, such as the range of people who eat out at restaurants and live within a reasonable travel distance from the restaurant.
- Recognizing the importance of targeting customers with the income that matches the restaurant's price point and who are likely to hear about the restaurant.
- Understanding the concept of TAM (Total Addressable Market) for a new restaurant in a major U.S. city.