WAEC - Commerce (2001 - No. 40)
Which of the following is a function of a warehouse?
Stabilizing prices
Increasing competition
Stimulating demand
Controlling quality
Explanation
One of the primary functions of a warehouse is to stabilize prices. By storing goods when supply exceeds demand and releasing them when demand exceeds supply, warehouses help in managing the fluctuations in prices. This ensures a steady supply of goods throughout the year, which helps in maintaining stable prices in the market.
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