The warehouses owned and managed by the Manufacturers or
Traders to Store exclusively their own stock of goods are known
as.
(a) Government warehouses (b) Private warehouses
(c) Public warehouses (d) Cooperative warehouses
Answers
Answer: (b) Private warehouses
Explanation:
The warehouses owned and managed by the Manufacturers or Traders to Store exclusively their own stock of goods are known as Private warehouses.
Private Warehousing refers to the storage facility which is established, maintained and managed as separate unit within the company by individual manufacturing entity or big companies.
These warehouses are developed off site and on-site locations as per the requirements.
There are two types of private warehouses:
Off-site warehouse : These warehouses are located in close proximity to marketing areas . It helps in storing on-site inventory and acts as the distribution center for finished goods.
On-site warehouse: These warehouses are developed at a place which is centralized located or can be constructed independently at manufacturing unit.
Hope this helps