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rewrite this Economically, Disney's strategy also showed a lack of foresight. The company set high entrance and accommodation prices, expecting European visitors to exhibit the
rewrite this Economically, Disney's strategy also showed a lack of foresight. The company set high entrance and accommodation prices, expecting European visitors to exhibit the same spending behavior as their American counterparts. This pricing strategy, coupled with an overestimation of visitor numbers, significantly deterred potential visitors, especially in the context of the early '90s European recession. This scenario parallels the mining sector, where economic assumptions must be carefully vetted against local economic conditions and market demand to avoid overinvestment and ensure sustainable operations
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