Based on $1\mathrm{.}2$ Just for feet Inc., Michael C$.$ Knapp $-$ Contemporary Auditing$\_$ Real Issues and Cases $(2010,$ South$-$Western College Pub$)(1).$ Just for Feet operated in an extremely competitive industry, or sub$-$industry. Identify inherent risk factors common to businesses facing such competitive conditions. How should these risks affect the audit planning decisions for such a client?