State four merits of storing goods in a public warehouse

State four merits of storing goods in a public warehouse 

  1. Goods can be sold without physical movement
  2. Traders do not incur costs of constructing their own warehouses
  3. Goods can be used as collateral to get short term loans
  4. Goods are insured
  5. Enables large scale buyers to accommodate bulk from small scale sellers
  6. Additional services e.g. repairs are provided

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