Chapter 20 Warehousing

Question 1

Define warehousing.
A place (building or room or godown) in which goods or merchandise are stored for marketing is called a warehouse and the process of storing, assembling and grading etc. is called warehousing.
Q.2
Write the types of warehouses.
Ans. Following are the main types of warehouse.
Warehouse
Private
Public
Warehouses
Warehouses
Bonded
Warehouses
Q.3
State the importance of warehousing.
Ans.
(i) Seasonal production (ii) Seasonal demand iii) Surplus production (iv) Raw material (v). Processing
(vi) Efficient marketing
(vii) Protection of goods (vili) Stability in prices

State the characteristics of an ideal warehouse.
(i) Proper space and location (ii) Transport facility
(iti) Economy in expenditures (iv) Protection to goods
State the functions of warehousing.
1) Stability in price (ii) Sampling of goods (iii) Protection to goods (iv) Maintaining the proper supply
(v) To meet seasonal demand
Define a public warehouse.
Ans. A public warehouse or a duty- paid warehouse operates to store goods owned by any person in return for a storage fee or charge. The government licenses it, regulates its method of operation and charges.
Q.7 Explain the personal or private warehouses.
Ans.
Large business houses for the storage of their own stock form private warehouses. Manufacturers, wholesalers
Q.8
and large retailers maintain such warehouses.
What is meant by Bonded warehouses.
Ans. Bonded warehouses are those licensed by the government to accept imported goods for storage before
800ds.
the payment of customs duty by the importers of such