English

All the goods are not sold off as and when they are produced. They have to be kept in warehouses until the demand is created. Which of the following does not show importance of Warehousing?

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Question

All the goods are not sold off as and when they are produced. They have to be kept in warehouses until the demand is created. Which of the following does not show importance of Warehousing?

Options

  • Production in anticipation of demand.

  • Transportation is needed for quick and safe carrying of goods and people from one place to another.

  • Storage of raw materials.

  • Equalisation of demand and supply.

MCQ
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Solution

Transportation is needed for quick and safe carrying of goods and people from one place to another.

Explanation:

Warehousing is concerned with the storage and preservation of goods until they are required. It helps store raw materials, produce goods in anticipation of demand, and maintain a balance between demand and supply. Transportation concerns the movement of goods and people, not the functions or importance of warehousing.

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Chapter 13: Logistics and Insurance - EXERCISES [Page 247]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 13 Logistics and Insurance
EXERCISES | Q 36. | Page 247
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