JAMB - Commerce (2018 - No. 9)
Which of the following functions is not performed by warehousing?
Stabilization of price
production ahead of demand
creating scarcity of goods
storage of goods
Paliwanag
The function of storage can be carried out successful with the help of warehouses used for storing the goods. By storing the goods throughout the year and releasing them as and when they are needed, warehousing creates time utility.
warehousing doesn’t create scarcity of goods instead it makes goods available