Warehousing is an economic activity that falls under
ECONOMICS
WAEC 2023
Warehousing is an economic activity that falls under
- A. secondary production
- B. primary production
- C. tertiary production
- D. intermediate production
Correct Answer: D. intermediate production
Explanation
Warehousing is an economic activity that falls under intermediate production. Intermediate production is the production of goods and services that are used to produce other goods and services. In the case of warehousing, the goods and services that are produced are storage space and logistics services. These services are used by businesses to store their products and to distribute them to their customers.
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