Final answer:
Coronado Corporation should start by evaluating their financial performance and assessing the potential return on new capital investments in attractions or other areas. Decision-making should be rooted in a comprehensive analysis of costs, benefits, and market demands.
Step-by-step explanation:
When Coronado Corporation, which operates an amusement park, is considering a capital investment, they should not make a decision without a thorough analysis. The ideal approach is to evaluate their current financial performance, explore the potential return on investment for new attractions, and consider the market demand for increased ticket prices or other revenue streams. A detailed cost-benefit analysis and strategic planning are essential to weigh the potential risks and benefits associated with each option. If the evaluation suggests that the investment is not viable, then and only then, should closing the park be considered. Strategic decision-making is critical for business sustainability and growth.