Question: Refer to the scenario below to answer the question given at the end. (6 Marks) Fun Soo Fun Park began as a small amusement park

Refer to the scenario below to answer the
Refer to the scenario below to answer the question given at the end. (6 Marks) "Fun Soo Fun Park began as a small amusement park in 1985. With nothing more than a merry go round a slide, pony rides, and an ice cream stand, Fon-Spotre Inte a popular family attraction with 20 rides a restaurant, and an outdoor performing arts theatre "My wife, Gail and I didn't know what we were getting into commented Ron Hart, the owner, We knew that weekender coming to the lakes in our rural area represented an untapped market." Today thousands of wisitors flock to Fun Spot families, children of all aces, and even senior citizens who enjoy strolling through the gardens. There's something here for everyone "Gail Hart said with a morens of companies hold annual company inics here. We have welcomed class field trips. And we even had one wedding here at the park "Here's the hinny thi Honchimed in "We really don't know why we ve been successful. There is nothing he likeFun Spot fan Park in the area. We were just lucky think it's the ambience of the park that has brought so many vietos, Gail added. "We provide a total package of entertainment. Plus, we try to change our vides and various attractions from time to time for variety Hon and Gail Hart admitted that making every visitor happy is a priority "That has always been our philosophy." they said. "Like the park's motto at the entrance reads We're here to make you lovl' And we ve always been able to deliver on that because we ve never allowed ourselves to grow too big too quickly." 0-1 Classily Fun spot according to BCG Matrix and justify your classification (1) Q-2 Hon and Gail plan to lower Fun Spot's prices in an effort to encourage customers to stay longer, visit more often, and spend more money during each visit. What type of growth strategy are Ron and Gail planning? (2) Q-3 Ron and Gail , owners of Fun Spot, strive to provide new offerings and entertainment options for the visitors. This type of strategy can be best described as which growth strategy? (2) the IT

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