Essay
Fun-Spot Fun Park began as a small amusement park in 1985. Starting with nothing more than a merry-go-round, a slide, pony rides, and an ice cream stand, Fun-Spot grew into a popular family attraction with 20 rides, a restaurant, and an outdoor performing arts theater.
"My wife, Gail, and I didn't know what we were getting into," commented Ron Hart, the owner. "We just knew that weekenders coming to the lakes in our rural area represented an untapped market."
Today, thousands of visitors flock to Fun-Spot—families, children of all ages, and even senior citizens who enjoy strolling through the gardens and arbor.
"There's something here for everyone," Gail Hart said with a smile. "Dozens of companies hold annual company picnics here. We have welcomed class field trips. And we even had one wedding here at the park!"
"Here's the funny thing," Ron chimed in. "We really don't know why we've been so successful! There is nothing else like Fun-Spot Fun Park in the area. We were just lucky."
"I think it's the ambience of the park," Gail added, "that has brought so many visitors. We provide a 'total package' of entertainment. Plus, we try to change our rides and various attractions from time to time."
Ron and Gail Hart admitted that making every visitor happy is a priority. "That has always been our philosophy," they said. "And we've always been able to deliver on that because we've never allowed ourselves to grow too big too quickly."
-At this point, how do Ron and Gail monitor Fun-Spot's business portfolio?
Correct Answer:

Verified
A growth-share matrix is a portfolio pla...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q4: The marketing control process entails the following
Q9: Monsanto operates in many businesses,including pharmaceuticals and
Q56: The four Ps concept takes the seller's
Q63: Emerson Studios, a chain of 25 portrait
Q66: _ is the marketing logic by which
Q81: Into what BCG quadrant does a high-
Q91: Guided by marketing strategy,the company designs a
Q111: According to the product/market expansion grid,what strategy
Q148: _ entails reducing the business portfolio by
Q148: Define strategic planning. Discuss the steps involved.