Question

Explain the different types of warehouses.

Answer 1

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.