2.7. The impact of legislation to the cost of wine

Question 1

impact of legislation to cost of wine:

list 6 points that could affect the price of a wine!

Answer 1

1. ) taxes
2. ) duties
3. ) trade barriers
4. ) subsidies
5. ) minimum pricing
6. ) labelling laws

Question 2

impact of legislation to cost of wine:

1. ) How can you bypass import duties in the UK?
2. ) Which advantage and which disadvantage could that have?

Answer 2

1.) store imported wine in a bonded warehouse

2. ) advantage: cash flow
   disadvantage: additional transportation cost

Question 3

impact of legislation to cost of wine:

For which reason it could Not make sense or it is forbidden to enter a particular market?

Name 3 reasons!

Answer 3

1. ) trade agreements of other countries
2. ) labelling laws
3. ) high customs