Importance of Warehousing in Trade

Importance of Warehousing in Trade

8th Grade

10 Qs

quiz-placeholder

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Importance of Warehousing in Trade

Importance of Warehousing in Trade

Assessment

Quiz

Business

8th Grade

Medium

Created by

GSOM Learn

Used 17+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is warehousing considered an important auxiliary to trade?

To increase production efficiency

To store goods and make them available when needed

To reduce manufacturing costs

To speed up the production process

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What is the primary reason for storing agricultural goods in warehouses?

To protect them from pests

To ensure proper ripening

To meet seasonal demand throughout the year

To increase the shelf life of the goods

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of goods demanded seasonally?

Electronics

Woolen clothes

Stationery

Kitchen utensils

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do manufacturers store finished products in warehouses?

To keep them away from competitors

To meet future demand and for economic reasons

To avoid transportation costs

To reduce the risk of theft

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main benefit of large-scale production for manufacturers?

To reduce the need for warehouses

To increase production costs

To meet future demand and save costs

To limit the variety of goods produced

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Why do some goods need to be stored near the place of consumption?

To reduce production costs

To support local businesses

To avoid delays in making goods available to consumers

To promote regional trade

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following situations necessitates the quick supply of goods?

When goods are produced and consumed in the same location

When goods are produced at specific places but consumed nationwide

When there is a surplus of goods

When there is a decrease in demand

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