Final answer:
Private warehousing is the form of warehousing that is owned by the firm. It offers benefits such as control over inventory and flexibility. Other forms of warehousing include public, contract, multi-client, and third-party warehousing.
Step-by-step explanation:
The form of warehousing that is owned by the firm is private warehousing. Private warehousing is a type of warehousing where the storage facilities are owned exclusively by the company or firm. It is used to store the company's own products or goods and is generally located on the company's own premises.
Private warehousing offers several benefits to the firm. It allows the company to have complete control over its inventory and ensures the availability of products or goods whenever needed. It also provides the company with the flexibility to customize the warehouse layout and operations according to its specific needs.
Other forms of warehousing mentioned in the options include public warehousing, contract warehousing, multi-client warehousing, and third-party warehousing. Public warehousing is a type of warehousing where the storage facilities are owned by a third party and are available to multiple companies. Contract warehousing is a type of warehousing where a company enters into a contract with a third party to handle its warehousing and distribution activities. Multi-client warehousing is a type of warehousing where a single facility is shared by multiple clients. Third-party warehousing is a type of warehousing where a third-party logistics provider operates the warehouse on behalf of the client.