Question

What is meant by public warehouse? State any three functions of a public warehouse.

Answer 1

Answer:

Public warehouses provide facilities for the inspection of goods by prospective buyers. They also permit packaging, grading and grading of goods.

Explanation:

Answer 2

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A public warehouse is commercial inventory space owned by a third-party business and rented to other companies for storage and distribution.

★ Functions of Warehousing:

• Storage: This is the basic function of warehousing. ...
• Price Stabilization: Warehouses play an important role in the process of price stabilizations. ...
• Risk bearing: ...
• Financing: ...
• Grading and Packing: ...
• Regular production: ...
• Time utility: ...
• Store of surplus goods: