What is the difference in implied uncertainty faced by a convenience store chain such as 7-Eleven and a discount retailer such as Costco?

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(5 pts) What is implied uncertainty? What is the difference in implied uncertainty faced by a convenience store chain such as 7-Eleven and a discount retailer such as Costco?
(15pts) Use a business of your choice as an example to explain how it uses the three basic steps discussed in the class to achieve strategic fit. What is the business’ competitive strategy? How does the business structure its supply chain processes to achieve the desired level of responsiveness?

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(10pts) Identify and briefly describe a supply chain initiative that you be

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lieve has helped an organization achieve a competitive advantage. Include in your description the specific benefits that this initiative has provided.

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