SAM Represents ______

question 37

Multiple Choice

SAM represents ______.

• A)the entrepreneur-intended portion of the total available market for your product or service
• B)the portion of the total available market for your product or service that is likely to purchase the product
• C)the portion of the total available market that will likely be profitable for your product or service
• D)the entire portion of the market that is a potential customer base for your product or service

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Definitions:

Equally Likely

A term used in probability to describe outcomes that have the same chance of occurring.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Mutually Exclusive

Referring to events that cannot both occur at the same time, implying no overlap in their possible outcomes.

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 1 represents certainty.