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______ is the assumption of responsibility for the storage of goods. - Commercial Studies

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Question

______ is the assumption of responsibility for the storage of goods.

Options

  • Transportation

  • Warehousing

  • Insurance

  • None of these

MCQ
Fill in the Blanks

Solution

Warehousing is the assumption of responsibility for the storage of goods.

Explanation:

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.

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Meaning of Warehousing
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Chapter 13: Logistics and Insurance - EXERCISES [Page 232]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 13 Logistics and Insurance
EXERCISES | Q 1. | Page 232
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