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SS1: COMMERCE - 2ND TERM

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  1. Modern Trends in Retail Business | Week 1
    2 Topics
    |
    1 Quiz
  2. The Wholesaler | Week 2
    5 Topics
    |
    1 Quiz
  3. Warehouse | Week 3
    3 Topics
    |
    1 Quiz
  4. Foreign Trade (International) | Week 4
    6 Topics
    |
    2 Quizzes
  5. Tariffs & Reasons for The Imposition of Tariffs | Week 5
    5 Topics
    |
    1 Quiz
  6. Functions of Customs & Exercise | Week 6
    4 Topics
    |
    2 Quizzes
  7. Commodity Exchange | Week 7
    7 Topics
  8. Sole Proprietorship | Week 8
    2 Topics
    |
    1 Quiz
  9. Partnership | Week 9
    5 Topics
    |
    6 Quizzes
  10. Money | Week 10
    3 Topics
    |
    2 Quizzes



Lesson 3, Topic 2
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Importance of Warehouse

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The importance of warehouses include;

1. Provision of Storage Facilities: It allows goods to be stored ahead of demand. This helps to prevent the excessive supply of goods to the market

2. Provision of Employment: It provides jobs to different categories of people

3. Sources of revenue: Both individuals and Government can generate revenue from it even from renting

4. Keeping Goods ahead of Demand: Warehouse enables the production of goods ahead of demand

5. Provision of Security for Goods: It provides security and safety for goods

6. Creates Place Utility: It enables goods to be taken to the consumers at the right place and the right time

7. Seasonal Goods are Made Available: Most of the farm products such as yam, maize, and other grains being harvested at a particular season are made available throughout the year

8. Facilitates Prepackaging: It allows manufacturers to complete the process of production through prepackaging and branding, thereby helping to improve the quality of the products

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