The production of good in anticipation of demand is possible because of the existence of?
Answer Details
The production of goods in anticipation of demand is possible because of the existence of warehousing. Warehousing allows manufacturers to produce goods in advance and store them until demand arises. This helps to reduce the cost of production, as production can be done in large quantities, taking advantage of economies of scale. Warehousing also ensures a steady supply of goods to meet fluctuating consumer demands. Additionally, warehousing enables manufacturers to efficiently manage their inventory and distribution network, reducing the likelihood of stockouts or overstocking. Overall, warehousing plays a vital role in ensuring the smooth flow of goods from manufacturers to consumers.