JAMB - Commerce (2013 - No. 14)
An importance of warehousing is in the
production of goods
transportation of goods
importation of goods
repackaging of goods
Explication
Warehouses reduce violent fluctuations in prices by storing goods when their supply exceeds demand and by releasing them when the demand is more than immediate productions. Warehouses ensure a regular supply of goods in the market. This matching of supply with demand helps to stabilise prices.