Question

What is a warehouse?

Answer 1

1. A warehouse is an establishment for the storage or accumulation of goods. 
2. It is a place where goods are stored and preserved until they are sold.
3. Warehousing may be defined as the assumption of responsibility for the storage of goods. It is an important function of business and warehouses render very useful services to the business community.
4. Warehouses act as reservoirs of surplus stocks and reduce fluctuations in prices.