Exercises · Q6
Q.Distinguish between a Private Warehouse and a Public Warehouse.
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Start your 14-day free trial to unlock the full solution →| Basis | Private Warehouse | Public Warehouse |
|---|---|---|
| Ownership | Individual manufacturer or trading firm | An independent warehousing business |
| Who can use it | Only the owner, for its own goods | Any member of the public (traders, farmers), for a rental fee |
| Regulation | Not specifically Government-licensed | Licensed/regulated by Government |
| Capital needed | Owner bears full investment | Suited to traders who cannot afford their own warehouse |
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