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These warehouses are owned by manufacturers and traders to store the goods produced or purchased by them until they are sold out. - Commercial Studies

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Question

These warehouses are owned by manufacturers and traders to store the goods produced or purchased by them until they are sold out.

Options

  • Private

  • Public

  • Bonded

  • None of these

MCQ
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Solution

Private

Explanation:

Private warehouses are owned by manufacturers and traders to store the goods produced or purchased by them until they are sold out. Manufacturers need their own warehouses to store goods in anticipation of demand.

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Chapter 13: Logistics and Insurance - EXERCISES [Page 232]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 13 Logistics and Insurance
EXERCISES | Q 3. | Page 232
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