Explain the role played warehousing as an aid to trade among others.

Role played warehousing as an aid to trade among others.

  • Preserves surplus, stabilizes prices and helps to save huge quantities of good which would otherwise be wasted.
  • Goods can be prepared for sale while in the warehouse in terms of sorting, weighing, packing etc
  • Provide temporary accommodation of goods for producers with no sufficient room for storage.
  • Acts as a reservoir enabling trade to continue throughout the year.
  • Deferred payment on highly taxed goods enables the importer to look for a market for the good
  • Enables the government to get revenue through duty paid.



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