Examlex

Solved

Scenario Fun-Spot Fun Park Began as a Small Amusement Park in in 1985.Starting

question 21

Essay

Scenario
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."
oday, 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."
on 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?


Definitions:

New Shares

Shares issued by a company for the first time to the public or existing shareholders as a means of raising capital.

Financial Manager

A professional responsible for managing a company's financial planning and operations, including investment decisions, capital structure, and day-to-day financial activities.

Publicly Traded

A term describing a company that has issued securities through an initial public offering and which are traded on at least one stock exchange.

Current Value

The present worth of an asset or investment, which can fluctuate over time due to market dynamics and conditions.

Related Questions