Required informationSkip to questionCase Exercise: Apple The following questions are based on key symptoms $($both favorable and unfavorable$)$ of Apple and underlying causes that affect key symptoms as they are observed in the case. In addition, there is a general question on solutions that also addresses the causes. Each multiple choice and short answer question number under Key Symptoms corresponds to the same question number under Underlying Causes $($e$.$g$.,$ Question $3$ under Key Symptoms $1$ corresponds to Question $3$ under Underlying Causes $1).$ Before beginning this exercise, you will need to read the Apple case.Underlying Causes $2$ Please answer the following short answer questions. Note: Your instructor will need to manually grade these questions. $1.$ Why is Apples phenomenal growth in market valuation a cause for concern? $2.$ Why did Apple continue to grow even after the death of its visionary founder Steve Jobs? $3.$ What challenges does Apple face in the portable phone marketplace globally? What are possible solutions? $4.$ Why did Apple go through with its name change in $2007?5.$ Why did Apple diversify into products and services beyond its core business of computers?