Importance of Warehousing in Trade
Authored by GSOM Learn
Business
8th Grade
Used 17+ times
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10 questions
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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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