2 Required: Please submit your response to the Assignment 1 site in Sakai by September 21, 2022 1. Many countries worldwide are now facing economic downturns due to the impacts of the Coronavirus pandemic, the conflict with Russia and Ukraine and recent hikes in fuel prices. As a result of these financial hardships, many businesses are now finding it difficult to survive. Read the attached article ("Seize Advantage in a Downturn" by David Rhodes and Daniel Stelter) about enduring and capitalizing on a downturn and answer the following questions: A. List the steps suggested by the authors to assess the business's exposure (or vulnerabilities) due to the downturn. B. Briefly summarize the steps suggested by the authors on ways to reduce exposure during the downturn period. C. . Briefly summarize the recommendations made by the authors on how firms can gain long-term advantage and position themselves to thrive in the subsequent upturn following a period of downturn. (15 marks) 2. Select a business entity (such as a hotel, manufacturing company or bank) now facing the challenges of the current economic downturn. Based on the attached article, make five (5) recommendations on how the business entity can survive this downturn and position itself to thrive in the following period. (10 marks) 3. List ten (10) external forces ( economic, social, cultural, demographic, environmental, political, governmental, legal, technological, and competitive) that you will include in an external assessment for developing strategies for a clothing store. For example, an applicable economic force may be the level of disposable income. (10 marks) 4. Select a local sector or industry, identify which of the Porter Five Forces most significantly impacts the sector or industry, and briefly describe the impact of the force