State four merits of storing goods in a public warehouse
State four merits of storing goods in a public warehouse
- Goods can be sold without physical movement
- Traders do not incur costs of constructing their own warehouses
- Goods can be used as collateral to get short term loans
- Goods are insured
- Enables large scale buyers to accommodate bulk from small scale sellers
- Additional services e.g. repairs are provided
Comments
Post a Comment
Talk about this Post: