5. Refer to the scenario below to answer the following questions. Fun Spot Fun Park began as a small amusement park in 1985. With nothing more than a merry go stand, Fun Spot grew into a popular family attraction with 20 rides, a restaurant, and an outdoor performing arts theater. round, a slide, pony rides, and an ice cream "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 that has brought so many visitors," Gail added. "We provide a 'total package' of entertainment. Plus, we try to change our rides and various attractions from time to time for variety" Ron and Gail Hart admitted that making every visitor happy is a priority. "That has always been our philosophy," they said. "Like it says on the entrance to the park, 'We're here to make you happy!' And we've always been able to deliver on that because we've never allowed ourselves to grow too big too quickly." (15 points) Assess its current business portfolio. Specifically, into which quadrant of the BCG matrix does Fun Spot fall? (15 points) Explain its future business portfolio. Specifically, (1) Ron and Gail plan to lower prices in an effort to encourage customers to stay longer, visit more often, and spend more money during each visit. What type of strategy are Ron and Gail planning in developing future portfolio? And (2) Gail and Ron strive to and entertainment options for their visitors. What type of strategy