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Explain the different types of warehouses A. On the Basis of Ownership |
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Answer» 1. Private Warehouses : Private warehouses are built and owned by private business enterprises in order to store the products produced by them. 2. Government Warehouses : They are created and operated by the Government to implement the programmes of the Government. 3. Public Warehouse : It is open for public at large. Most of the business organisations, especially small and medium scale units cannot afford to have their own warehouses. 4. Co – operative Warehouses : There are warehouses owned and managed by the marketing co-operative societies or agricultural co-operative societies. They are setup to provide warehousing facilities to their members. 5. Bonded Warehouses : Bonded warehouses are those warehouses, which are licensed by the government to accept storage of imported goods which are not cleared due to non – payment of customs duty by the importer. |
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