Step 1: Total possible color choices for 3 customers: each has 3 choices, so $3^3 = 27$ equally likely color preference combinations.
Step 2: Stock available: White: 2, Black: 2, Red: 1.
Step 3: We need the number of preference combinations that can be satisfied with the stock.
Step 4: Let $w, b, r$ be the number of customers wanting white, black, red respectively. $w+b+r=3$, $0 \le w \le 2$, $0 \le b \le 2$, $0 \le r \le 1$.
Step 5: List all possible $(w,b,r)$ tuples that satisfy constraints:
$(2,1,0)$, $(2,0,1)$, $(1,2,0)$, $(0,2,1)$, $(1,1,1)$.
Step 6: Count number of sequences for each tuple:
$(2,1,0)$: $\frac{3!}{2!1!0!} = 3$.
$(2,0,1)$: $\frac{3!}{2!0!1!} = 3$.
$(1,2,0)$: $\frac{3!}{1!2!0!} = 3$.
$(0,2,1)$: $\frac{3!}{0!2!1!} = 3$.
$(1,1,1)$: $\frac{3!}{1!1!1!} = 6$.
Step 7: Total favorable = $3+3+3+3+6 = 18$.
Step 8: Probability = $\frac{18}{27} = \frac{2}{3}$.
Step 9: Final Answer: The probability is $\frac{2}{3}$.