Which of the following statements are true and which are false?
(i) Warehousing removes the hindrance of time.
(ii) Warehousing is not an important auxiliary to trade.
(iii) The objectives of warehousing may be to carry over the surplus goods,
for consumption in future during the period of scarcity.
(iv) Warehousing is not used to store the goods of seasonal nature.
(v) Warehousing is not useful for large scale trading.
(vi) Warehousing helps in continuous production of goods in the factories.
Answers
Answer:
Explanation:
Ans(i) This is true in a few cases that Warehousing removes the hindrance of time. This happens when the warehouse is near to the place of retail shops. IF products are already made and kept in warehouses then they can easily be obtained by customers quicker. Rather than waiting for the production system to take place all over again.
Ans(ii) Warehousing is not an important auxiliary to trade. This is false because it is actually quite important in trading as it gives an added benefit in form of quick goods to answer to unexpected demands. Helps to keep customers happy.
Ans(iii) The objectives of warehousing may be to carry over the surplus goods, for consumption in future during the period of scarcity. This is true because a storage system is kept for such purposes.
Ans(iv) This is true that Warehousing is not used to store the goods of seasonal nature. Because of the fact that they may be perishable. For example: fruits cannot be kept in warehouses.
Ans(v) This is false that Warehousing is not useful for large scale trading. It can be done depending on the type of business.