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Explain four ways in which warehousing may facilitate trade.

Explain four ways in which warehousing may facilitate trade.

Answers

joseph
i. Steady flow of goods, warehousing helps in ensuring that there is steady flow of goods in the market.
ii. Maintain/improve quality f goods, the warehouse provide storage facilities which are able to maintain quality of goods stored.
iii. Inspection of goods, they enable the traders to inspect goods before buying them.
iv. Preparation of goods, traders are able to blend, pack, grade or sort goods while in the warehouse.
v. Protection of goods from damage, goods in the warehouse are protected from being damaged by bad weather, pests or pollution.
vi. Security, they protect goods from being lost through theft or pilferage.
vii. Stable prices, they ensure that there is neither excess nor shortage of goods in the market and this helps in stabilizing prices.
viii. Storage of goods, they enable traders to store goods as they look for markets and producers to continue producing as they await demand for goods.
joseph rimiru answered the question on December 21, 2017 at 19:50

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