Tamil Nadu Board of Secondary EducationHSC Commerce Class 11th
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Explain the different types of warehouses. - Commerce

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Answer in Brief

Explain the different types of warehouses.

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Solution

  1. Private Warehouses: Private warehouses are built and owned by private business enterprises in order to store the products produced by them.
  2. Government Warehouses: They are created and operated by the Government to implement the programs of the Government.
  3. Public Warehouse: It is open to the public at large. Most business organizations, especially small and medium scale units cannot afford to have their own warehouses.
  4. Cooperative Warehouses: There are warehouses owned and managed by the marketing co-operative societies or agricultural co-operative societies. They are set up to provide warehousing facilities to their members.
  5. Bonded Warehouses: Bonded warehouses are those warehouses, which are licensed by the government to accept the storage of imported goods that are not cleared due to non-payment of customs duty by the importer.
Concept: Types of Warehouses
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APPEARS IN

Tamil Nadu Board Samacheer Kalvi Class 11th Commerce Answers Guide
Chapter 13 Warehousing
Exercise | Q IV. 1. | Page 126
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