Commerce SSS2 Third Term
The student should be able to:
1. Explain the term warehousing.
2. Explain the Importance.
A warehouse is a building (storehouse) where wares or goods may be stored. Warehousing, therefore, is the storage of goods until they are needed.
Importance of warehousing
Warehousing in commerce is a productive function. It is important in:
1. Creating time and place utility for the goods or products concerned.
2. Allowing reserve to be maintained to meet unexpected fluctuation in consumers' needs.
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