Discuss the functions of warehousing in | Class 11 Business Studies Chapter Business Services, Business Services NCERT Solutions

Question:

Discuss the functions of warehousing in modern business.

Answer:

Warehousing is a vital part of the supply chain. Its functions include:

  • Storage: Goods are stored until they are required.
  • Consolidation: Products from multiple sources are grouped together for bulk delivery.
  • Break bulk: Large consignments are divided into smaller packages for distribution.
  • Value-added services: Warehouses often handle labeling, sorting, and repackaging.
  • Price stabilization: Warehousing helps balance supply and demand, stabilizing prices.
  • Efficient logistics: It reduces transportation costs by acting as a central hub.


Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

  • Read the question carefully and focus on the core concept being asked.
  • Reference examples and data from the chapter when answering questions about Business Services.
  • Review previous year question papers to get an idea of how such questions may be framed in exams.
  • Practice answering questions within the time limit to improve your speed and accuracy.
  • Discuss your answers with your teachers or peers to get feedback and improve your understanding.

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Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Extra Questions, Question 8: Discuss the functions of warehousing in modern business.....