Observation

Most candidates who attempted this question explained warehouse instead of warehousing as required by the question.
                                                                                                                                                                                                   
            The responses expected from candidates are:

1. Warehousing refers to all the activities involved in the storage of goods in a place until they are demanded.                                                                       

            (b) Three types of warehouse
i. Bonded Warehouse: Goods whose custom duties have not been paid are stored in this  warehouse until they are settled.
ii. State/Government Warehouse: contraband or smuggled good seized by the customs authority are kept in this place until they are sold.
iii. Wholesale Warehouse: it is a place where wholesales store their goods before selling to retailers.
iv. Public Warehouse: private individuals own this warehouse and let it out to businessmen to store their goods
v. Manufacturers Warehouse: producers of goods own this warehouse where they store their products awaiting demand.
(c) Four advantages of Warehousing
i. Stability of price: warehousing helps to eliminate price fluctuations
ii. Storage Facilities: warehousing provides storage facilities
iii. Security for goods: it enhances adequate security for goods
iv. Repacking: it promotes repackaging of goods
v. Employment opportunities: warehousing creates job opportunities like clerks, loaders, security etc.
vi. Constant supply: warehousing makes regular and steady supply of goods possible
vii. Production of goods ahead of demand: with warehouse facilities, goods are manufactured and stored awaiting demand.
viii. Elimination of seasonal problems: seasonal problems associated with production of goods are eliminated because of warehousing.