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Welcome to the third part of Chapter 2: Business Services (Part 1) for Class 11 Commerce (OCM). In this lecture, we focus on Godown or Warehousing Services, an essential element of trade and commerce. Storage plays a vital role in ensuring the availability of goods throughout the year and in maintaining price stability. 🔑 Topics Covered in this Part: 1. Meaning and Importance of Warehousing • Why warehousing is essential for trade • Role of godowns in maintaining continuous supply 2. Types of Godowns Based on Ownership • Private Godowns – owned and operated by traders • Public Godowns – available for general use • Co-operative Godowns – managed by cooperative societies • Government Godowns – run by government authorities 3. Types of Godowns Based on Customs Duty Paid • Bonded Warehouses – goods stored without immediate payment of duty • Duty Paid Warehouses – goods stored after paying customs duty 4. Types of Godowns Based on Services Provided • Cold Storage Godowns – for perishable goods like fruits, vegetables, dairy • Dry Storage Godowns – for non-perishable goods • Special Purpose Warehouses – designed for specific goods (chemicals, liquids, grains, etc.) 5. Benefits of Warehousing • Ensuring regular supply of goods • Price stabilization • Protection of goods from damage • Financing against warehouse receipts This lecture will help you clearly understand the classification, importance, and functions of godown and warehousing services, which are highly significant in your Class 11 Commerce curriculum. 📌 Other Parts of this Chapter: • Part 1: Insurance Services • Part 2: Postal Services • Part 3: Godown / Warehousing Services (this video) • Part 4: Transportation Services (coming soon) If you find this explanation useful, please like, share, and subscribe for more exam-focused Commerce content. Visit Website: www.shaperseducation.com Download Shapers Online Learning app for all notes and videos https://play.google.com/store/apps/de... *****Join us on telegram***** https://t.me/shaperseducation *** FOLLOW ON INSTA*** https://instagram.com/shapers_educati... #SHAPERS