Ordianry warehouse is usually owned and used by

Assessment: JAMB UTME - Commerce - 2016 Subject: Commerce

Question 1 Report

Ordianry warehouse is usually owned and used by
Answer Details
An ordinary warehouse is usually owned and used by wholesalers. A warehouse is a large building where goods are stored before they are sold to retailers or directly to consumers. Wholesalers are businesses that buy goods in large quantities from manufacturers and then sell those goods in smaller quantities to retailers or other businesses. Because wholesalers deal in large quantities of goods, they need a lot of space to store their inventory. This is where warehouses come in. Wholesalers typically rent or own warehouses to store their goods before they are sold. While retailers may also use warehouses to store goods, they usually do so on a smaller scale than wholesalers. Retailers typically buy goods in smaller quantities and often have them shipped directly to their stores, rather than storing them in a warehouse. Agents and government agencies may also use warehouses, but it is less common for them to own and operate them on a regular basis.

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