1. Recommendations for CUTCO Cutlery Corporation
However, only 2.5 million family households earn more than $75,000 a year, which may be a better indicator of the number of "affluent" households CUTCO considers its target market. Therefore, we can estimate CUTCO's target market is approximately five million households. ... Therefore, the number of customers compared to the target market is 15%. ... Based on a population growth of .86% (from World Bank), CUTCO's target market would be 5.5 million households in 2021. This means CUTCO would need to reach 55% of its target market, which is a steep climb from just 15%. ...
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