Question

Write a short note on private warehouse.

Answer 1

1. Private warehouses are owned by manufacturers and traders to store the goods produced or purchased by them until they are sold out.
2. Manufacturers need their own warehouses to store goods in anticipation of demand.
3. Private warehouses are beneficial when there is a regular need for the storage of goods in large quantities.
4. The Food Corporation of India and Central Warehousing Corporation have their own warehouses, which are used by the government to keep a buffer stock of food grains for the public distribution system.
5. Private warehouses provide better facilities for inspection and packing of goods before sale.