Question

What do you mean by the term warehousing ?

Solution

It means storing of goods, meant for sale in systematic and orderly manner. A warehouse is a place used for storage or preservation of goods in a proper condition from the time they produced up to the time of its consumption by the consumer.

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Business Services

What do you mean by the term warehousing ?

Some More Questions From Business Services Chapter

What do you mean by Fire Insurance ?

What do you mean by Marine Insurance ?

Define communication.

What do you mean by the term transportation ?

What do you mean by the term warehousing ?

What do you mean by Public Warehouse ?

What is meant by cold storage houses ?

Explain any three considerations which a business firm should take into account for choosing a suitable mode of transport.

Under the principle of subrogation, why does the right of ownership of damaged property pass on to the insurer after the compensation has been paid to the insured ?

How does the insurance distribute the loss ?

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