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Question
Write a short note on private warehouse.
Solution
- Private warehouses are owned by manufacturers and traders to store the goods produced or purchased by them until they are sold out.
- Manufacturers need their own warehouses to store goods in anticipation of demand.
- Private warehouses are beneficial when there is a regular need for the storage of goods in large quantities.
- The Food Corporation of India and Central Warehousing Corporation have their own warehouses, which are used by the government to keep a buffer stock of food grains for the public distribution system.
- Private warehouses provide better facilities for inspection and packing of goods before sale.
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