NABTEB Commerce 2023 Theory — Question 5

Model answer

(i) The presence of a warehouse guarantees effective security measures to safeguard products through robust inspection. (ii) Warehouses often provide additional services such as packaging, labelling and customization, adding value to their offerings. (iii) Warehousing generates employment opportunities for various individuals, including clerks and managers. (iv) Warehouses play a crucial role in maintaining price stability for goods, preventing price fluctuations and contributing to price steadiness (they also facilitate quality control assessments and enable production in anticipation of future demand).