Table of Contents
1.0 Executive summary
2.0 Situational analysis
2.1 SWOT
2.2 Product life cycle
3.0 Market research
3.1 Primary market research
3.2 Secondary market research
4.0 Market objectives
5.0 Target market
5.1 Primary
5.2 Secondary
6.0 Marketing strategies
6.1 Product
6.2 Price
6.3 Promotion
6.4 Place
6.5 People
6.6 Processes
6.7 Physical evidence
7.0 Recommendations
7.1
7.2
7.3
7.4
8.0 Implementation, monitoring and control
1.0 Executive summary
In this Business Report for Luna Park, the reader would become aware of the strengths and weaknesses of the amusement park, as well as opportunities for the feature and threats to the company.
Luna Park would be considered to be in the maturity phase of a
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3.2 Secondary market research
The secondary market research done by Luna Park could involve statistical interpretation, analysis and study both the internal and external data such as customer feedback and reports regarding the number of customers through the park in a day. Financial statements and sales reports also help as secondary market research.
4.0 Market objectives
Luna Park has very realistic goals that can be easily achieved through hard work. These goals are:
1. Increase in sales and revenue
2. Increasing market share while maintaining margins
3. Expanding the product mix
4. Maximizing customer service
5.0 Target market
Luna Park has an attraction to customers due to the rides and memorabilia the amusement park offers. The entrance of Luna Park also is able to entice customers as they walk through to enter the park.
5.1 Primary
The primary targets for Luna Park are families with young children aged between 8 - 14 as well as tourists. Luna Park provides the possibility of going on colorful rides and purchasing memorabilia from the gift store to entice customers, this provides an incentive for many to come and visit the park.
5.2 Secondary
The secondary target market for Luna Park is that of the young children’s parents as well as their older siblings as well as corporate people experiencing Luna Park on a ‘corporate day’. Adults have the ability to go on all of
Secondary market research involves the processing of information that is already collected by previous researchers. For the secondary market research, I will use a research company. They will give me the information of the surrounding hotels of my hotel location. It is then possible to promote my hotel with another, so I’ll be able to compare my hotel with the others to improve. Based on the information of the other hotels are be seen what they can do and what not. This
It was a water-themed park which featured sea lions, water races, and other rides. Steeplechase Park founded by George Tilyou, was an amusement park that included a racetrack and other amusements like the “Barrel of Fun” and the “Laughing Gallery”. In this amusement park, visitors had fun looking like a fool to random strangers. It was exhilarating to let loose and just laugh. Luna Park was founded by Frederic Thompson and Eric Dundy, and appeared as “a dream city, a mysterious place of play”. Kasson explains Luna Park as a colorful and magical place provided with the abundant use of string lights, which contrasted with the clatter and chaos of the real world. In addition, there were exotic attractions that were inspired by foreign countries like Japan with the Japanese garden and Ireland with the Irish village. Coney Island was a cultural melting pot that provided immigrants and their families “a means to participate in mainstream American culture on an equal footing”. Not only does Kasson explain how Coney Island’s culture was a purge from American norms, but also how immigrants coming into America could utilize this culture to help them understand American culture. Coney Island provided dual opportunities where Americans could experience a wholesome culture, and where immigrants could learn the ways of American culture in a relaxed atmosphere.
It’s no doubt that creating a family oriented theme park based on popular, beloved cartoon characters and imagination was a good idea. From Cinderella’s castle to the famous Main Street, U.S.A, there’s something extraordinary lying around every corner. Walt Disney World, other wise known as “the happiest place on earth”, or the place “where dreams come true”, was founded by a man with a dream of creating a place where children and parents could spend time together while making amazing memories. However, this extravagant amusement park is only one of the major accomplishments of Walt Disney.
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Coney Island was a herald of change from the very beginning. The rise of powerful forces demonstrate the influence of mass consumerism and enterprises over the progressive voice occurred between 1880 and 1911. A series of ingeniously designed amusement parks emerged as the products of various showmen. These people intentionally targeted the middle class by appealing to their values of refinement. While reformers stood by the failures of society, these parks offered a positive approach to life.
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are one of the leading reasons people vacation to many destinations. The theme park market is
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