Question

Which warehouse ownership type can be described as a company who owns a warehouse and provides storage and related warehouse functions to companies on a short or long-term basis?

1) Public warehouse
2) Private warehouse
3) Contract warehouse
4) Distribution center

Answer 1

The company that owns a warehouse and provides storage and related services to other companies on various terms is termed as a public warehouse.

Step-by-step explanation:

The type of warehouse ownership that can be described as a company owning a warehouse and providing storage and related warehouse functions to other companies on a short or long-term basis is known as a public warehouse. Unlike private warehouses, which are operated by the firms that own them primarily for their own storage needs, public warehouses offer their services to the public on a contractual basis. Contract warehouses offer similar services to a public warehouse but typically involve longer-term agreements and customized services for clients. A distribution center is focused on moving goods rather than storage, emphasizing rapid turnover and efficient delivery to retail or wholesale outlets.