Question on: JAMB Commerce - 2018
Which of the following functions is not performed by warehousing?
A
Stabilization of price
B
production ahead of demand
C
creating scarcity of goods
D
storage of goods
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Correct Option: C
Functions of Warehousing include:
Storage: This is the basic function of warehousing.
Price Stabilization: Warehouses play an important role in the process of price stabilization.
Grading and Packing
Regular production
Time utility
Store of surplus goods
Etc.
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