Part I General Information gathering about Convenience Stores: You have been hired by a company that owns a chain of Convenience stores (similar to 7- Eleven, Road Ranger, and Casey's General Store). This company sells gasoline, high quality fresh coffees, selected grocery items, sandwiches and some hot food, soft drinks, snacks and a variety of pastries in its Company-operated retail stores. The company's objective is to be recognized as the preferred retailer for competitively priced gasoline products and grocery and food items customers want to obtain quickly, in a clean and courteous environment. In order to perform quality audit work you must understand the industry in which the company operates. Minimally answer these questions (using short bullet points): 1) Define the industry that the company operates in? . 2) What are the industry risks including (but not limited to): The economy? Competitors? Changing customer demands? Substitute products? Technology? Regulation? . . 3) Draw conclusions about the overall risk of the industry and which three risks are the most important (i.e. which risks should we pay specific attention to during the audits)