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Read the laccarino \& Son case found on pages 543-544 in the textbook. If you need a copy of the case if you do not have a textbook, I will provide you a copy prior to the due date. For the paper, answer the questions found at the end of the case. Also answer this question: After surviving the recession of 2008 what advice do you think Carl & Fran would give businesses today about surviving the pandemic? The paper should be double spaced using a 10-12 font. The paper does not need a cover page. Put your name on the first page. The paper will be graded upon depth of responses, spelling, grammar, and punctuation. The paper should be a minimum of 2+ full pages in length. and cabinetr. mereial foute. Chapter 7 bankruptcy. The company had lost bargaining . And Fran has not lost the entreprencurial spirit. He is. strength in the recession, cutting profit margins to obtain planning his next venture. He is looking at options where cially costly. Bver to acquire inventory. The 83-year-old company small, but with serious profit potential. had nearly 50 employces at the time the decision to close was made. Entrepreneurs are told, "Fail early; fail often." Fran was not used to failing, and the closure certainly did not come carly. Nevertheless, he came away with the sense that he had learned lessons. He felt he knew far more Questions 1. If you were in Fran's shoes when he was runaing his own company, what factors might have attracted than when he started about how to deal with banks and you to close your business and join laccarino & Son? with bonding companies. He concluded that business is What factors might have discouraged you from entering the family basiness? all about relationships. His experience taught him that the relationships he had established with customers and 2. Why do you think Carl wanted to retain ownership vendors helped not only in growing a business, but also in and decision-making authority over laccarino \& Son failing in one. To his surprise, he found when it was over after bringing Fran into the company? that he still had great relationships with many of the firms 3. When the recession hit in 2008 , what advice would he had traded with. you have given Carl and Fran to increase the chances: of survival for lacearino \& Son