ECONOMICS

COST ACCOUNTING

INVENTORY AND PRODUCTION MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The act of holding and handling goods in a ware-house is ____ ?
A
Lead time
B
Safety stock
C
Warehousing
D
Usage rate
Explanation: 

Detailed explanation-1: -Warehousing is the process of storing physical inventory for sale or distribution. Warehouses are used by all different types of businesses that need to temporarily store products in bulk before either shipping them to other locations or individually to end consumers.

Detailed explanation-2: -A warehouse is a building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the outskirts of cities, towns, or villages.

Detailed explanation-3: -The primary function of a warehouse is to provide storage space for equipment, inventory or other items. It offers appropriate facilities to the enterprises for storing their goods when they aren’t called for a sale. This helps prevent wastage of stock and ensure its protection and safety.

There is 1 question to complete.