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Business Studies

Transportation and Warehousing Services

Warehousing e...

Question

Warehousing enables businessmen and management of warehouses for the storage of goods.

A

False

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True

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Q. Answer the following questions:

What is warehousing? Explain different types of warehouses.

Q. Select the proper option from the options given below and rewrite the completed sentences.

Perishable goods are stored in ________.
(a) Bonded warehouses
(b) Duty paid warehouses
(c) Cold storage warehouses

Q. Match the correct pairs :

Group “A”		Group “B”
a.	Life Insurance	1.	Claim made by insured
b.	Mitigation of loss	2.	Perishable goods
c.	Premium	3.	Insurable interest
d.	Cold storage	4.	Maximum loss
e.	Warehousing	5.	Transfer of goods from one place to other
		6.	To minimise the loss
		7.	Imported goods
		8.	Principle of indemnity
		9.	Storage of goods
		10.	Payment made by policy holder

Q. Harish is engaged in warehousing business and his warehouses are generally used by businessmen to store fruits. Identify the working capital requirements of Harish giving reason in support of your answer. Further Harsh wants to expand and diversify his warehousing business.

Explain any two factors that will affect his capital requirements.

A warehouse that is used for storage of goods by traders, manufacturers or any member of the public after the payment of a storage fee or charges.

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