Question

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

public warehouse.​

Answer 1

Answer:

A public warehouse is a business that provides short or long-term storage to companies on a month-to-month basis. Public warehouse fees can be a combination of storage fees and inbound and outbound transaction fees. A public warehouse can charge per pallet or charge for each square foot that is used by a company.

Storage: This is the basic function of warehousing. ...

Price Stabilization: Warehouses play an important role in the process of price stabilization. ...

Risk bearing: ...

Financing: ...

Grading and Packing: ...

Regular production: ...

Time utility: ...