Marketing
WAEC 2019
a. State four functions of warehousing
b (l). Identify three modes of transportation
(ii) Explain three transportation documents
Explanation
a.
- (i) Warehouse provides facilities for grading, sorting and packaging of goods
- Warehouse provides protection to goods from loss or damage due to heat, dust, moisture, wind etc
- Warehouse helps to keep track of information regarding inflows and outflows of stock
- Warehousing performs, the function of storage of goods until they are needed
- Warehousing facilitates price stabilization by the creation of time utility:
b. (i)
- Air transportation
- Road transportation
- Water transportation
- Rail transportation etc
(ii)
- Waybill: this is a document used no by a carrier showing details and 8instructions regarding the goods Io being transported. It shows the names of the consignor and the Consignee, the point of origin, the destination of the goods.
- Consignment Note: this is a document prepared by a consignor and countersigned by the carrier as a proof of receipt of goods for delivery at a destination
- Delivery Note: this is a document that accompanies the shipment of goods and shows the description and quantity of goods declared. A copy of this document, signed by the consignee is returned to the consignor as proof of delivery.
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