Advertisements
Advertisements
Question
Write Short Note on the following:
Functions of warehouses
Solution
The following are some of the functions performed by warehouses:
i. Stockpiling - Warehouses facilitate the storage of goods and raw materials that are not required for immediate sale or manufacturing.
ii. Price stabilisation - In situations of varying demand and supply of goods, warehouses balance the supply and demand of goods. Thus, they help in stabilising the prices of goods in the economy.
iii. Offering value-added services - Warehouses offer various value-added services to producers such as the grading, packaging and labelling of products.
iv. Financing - The owner of the goods and raw materials stored in a warehouse can use the warehouse receipt as a security against which he/she can borrow money from banks or other financial institutions.
APPEARS IN
RELATED QUESTIONS
Bonded warehouse and Duty paid warehouse.
Bonded warehouses are locted at ................. .
Write short answer of the following.
State the various types of warehouses.
Perishable goods are stored in _______.
Write a word or phrase or a term which can substitute the following:
A warehouse where the goods can be stored after the payment of import duty
Write a word or phrase or a term which can substitute the following:
The type of warehouse where perishable goods are stored.
Write Short Note on the following:
Functions of warehousing
Write Short Note on the following:
Types of warehouses
State with Reasons whether the following statement is TRUE or FALSE.
Private warehouses are used only by its owners.
Answer the following question:
Explain the functions of warehousing.
Function Of Warehousing?
Answer the following question:
What is warehousing? Explain different types of warehouses.
