What are the advantages and disadvantages of Apple's supply chain, cash holdingand operating leverage strategies? What risks do they pose for Apple both nationallyand internationally? (2 marks)2. Do you agree with how Apple had used its cash holding and operating leverage toboost performance? Explain your position. (2 marks)3. Describe Apple's Cash Conversion Cycle and explain the measures it implementedpertaining to CCC to ensure that profitability is maximised. Discuss the implicationsin the context of inventory conversion period, average collection period andpayables deferral period. (2 marks)4. What would be a good measure for profitability to gauge the efficiency of the supplychain and the cash conversion cycle for Apple? Why and how? (2 marks)5. What are Apple's risk exposures as a multinational corporation? Identify five uniquerisks and your recommendations to minimise/mitigate these risks. (2 marks)