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warehousing is a productive function because it increases the?

Commerce
JAMB 2018

warehousing is a productive function because it increases the?

  • A. quantity of goods
  • B. utility of goods
  • C. quality of goods
  • D. price of goods
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Correct Answer: Option B
Explanation

The efficient management of warehouses helps to optimise the existing production and distribution processes and greatly assist in the goal of cost reduction and service enhancement. Warehousing network plays a major role in the success of the physical distribution of products. A warehouse provides a central location for receiving, storing and distributing products. its needs and importance include;

  1. quality of goods
  2. regular supply
  3. stock of trade
  4. price stability
  5. seasonal products
  6. perishable goods
  7. continous production

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