Bring out clearly the need and importance of warehousing services.

Solution

Need and Importance of Warehousing Service:

1. Safety of goods : Storage keeps goods safe, otherwise, goods would have destroyed. After keeping goods in the godown the business men are carefree.

2. Useful for seasonal goods : There are certain things which are produced once in a year and used throughout the year such as wheat, rice, sugar, potatoes etc. By keeping goods in the warehouses goods are available throughout the year.

3. Storage of raw material: Production is a continuing activity, so raw material is required throughout the year, supply of raw material can be maintained throughout the year by proper storing of raw material.

4. Helpful in foreign trade : If goods imported are meant for exporting, it is necessary that these goods should be stored in the bonded warehouses situated on the ports. There is time gap between imports and exports of these goods, so they are stored in godowns.

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Some More Questions From Business Services Chapter

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Business Services

Bring out clearly the need and importance of warehousing services.

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