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Types of warehouses,features of private warehouses

Answer Text:
Types of warehouses
-Warehouses can be broadly classified into four namely:
a. Private warehouses
b. Public warehouses
c. Bonded warehoused
d. Free warehouses
i) Private warehouses
These are warehouses that are owned by private individuals/organizations for the purpose of storing their own goods only. They include:
a) Wholesalers warehouses
b) Producers warehouses
c) Retailers warehouses.
Wholesalers warehouses:
These are warehouses for storing the wholesalers‟ goods as they await distribution or sale.
-These warehouses also enable the wholesalers to prepare their goods for sale e.g. branding, blending, packing and sorting may be carried out in the warehouse
Producers warehouses:
-These warehouses are owned by producers and they are for storing goods prior to their demand.
Retailers warehouses:
Some large-retailers such as chain stores and supermarkets own warehouses for storing their large stores
Features of private warehouses:
-They are privately owned by firms, manufacturers, wholesalers or producers.
-It is for owners to store their own goods
-They are found near owners or producers premises.
-They are small in size
-They are managed as a department
-There is less documentation
-No license is required for operation.