ICSE BoardEnglish MediumSTD 9EconomicsTertiary Sector2 Marks
Question
What is warehousing? Discuss its importance.
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Answer
'A warehousing is an establishment for the storage and accumulation of goods. Storage of goods takes place through the network of warehouses specially constructed for the purpose. Importance of warehousing : (i) It provides very important service to producers, wholesalers and retailers. (ii) It is also important to get finance against the security of goods kept in the warehouse.
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