BUSINESS STUDIES

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advantages and disadvantages of lease hold tenure

leasehold tenure is a system where the landowner is given the right to use the land for a specified period of time on agreed terms. In some cases, if the farmer manages to develop the required farm infrastructure, the farmer will be granted freehold ownership. What are the advantages of leasehold tenure? The farmer has …

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Factors to consider when choosing the location of retail shop

Retail is buying in bulk and breaking the bulk into smaller quantities Factors to consider when choosing the location of retail shop Cost of site How much competition is there Sufficient customers Trade growth Security of the shop The transport and communication facilities Sources of supply Capital Price of goods Accessibility to the shop Parking …

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Factors to consider when establishing a retail shop

Retail is a word that means to cut again retail trade is the buying of goods in bulk and breaking the bulk to suit the needs of consumers The Functions of a Retailer are to break bulk provide a variety of goods credit to trusted customers offer delivery on some goods pass information to wholesalers …

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Advantages of containerization

Containerization sends cargo in a special metallic box of standard sizes as containers. Shipping lines generally own containers. Refrigerated containers are also available It is mostly used in road and sea transport when exporting goods to other countries. It can also be used when grouping goods of various kinds for transportation. The following are advantages …

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differences between bonded warehouses and ordinary warehouses

The following are differences between Bonded and Ordinary Warehouses bonded warehouses are Located near ports. while ordinary warehouses have No specific location. bonded warehouses are Controlled by custom authority. while the owners control ordinary warehouses. bonded warehouses Stores dutiable goods while ordinary warehouses Store finished goods and raw materials. in bonded warehouses, Dutiable goods cannot …

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Importance of warehouses

The warehouse is a large building in which goods, raw materials, or commodities are stored. Importance of Warehouses Protection of goods against climatic conditions. Protection from theft. Producers can store raw materials for future production. The surplus created can be stored before being finally sold. Shortages in the market can be avoided. Price fluctuations can …

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