D2 Flashcards
1
Q
Key Selling Points
A
- Price (appeal to low-involvement)
- Quality (appeal to high-involvement)
- Alternative to a more classic wine from the same grape variety/style
- Distinctive feature
o grape variety (e.g.: autoctone varieties)
o production method (e.g.: Amarone / Tokaji / Muscadet Sur Lie)
o profile: flavour/freshness/oak/colour
o Soft brand - Local where the wine can be found: inexpensive wines to low involvement
- supermarket, bars, casual dining / mid to super-premium-priced wines
to high involvement - specialist wine stores, fine dining, specialised
supermarket chains (high-end)
2
Q
Strengths
A
- Historical aspects
- Terroir reputation
- Grape reputation
- Organic/Biodinamic production
- Winegrowing/Winemaking Techniques
- Packaging (distinctive bottle/closure)
- Soft brand
- Lower alcohol / drier styles
- Gastronomic wines
3
Q
Weaknesses
A
- Competition from similar wines at lower price points or with better quality
at the same price point (higher labour force costs) - Restrictions of PDO legislation (grape growing schemes / winemaking
techniques) - Packaging (low quality perception/difficult for logistic purposes)
- Confusing labelling terms
- Bulk wine -> less jobs for locals and money going to another country
- Climate change (wildfires, smoke taint, drought, riper styles and wines
different from the consistent profile) - Confusing classifications / debate about overly generous delimitations
(St.-Émilion, Alsace)
4
Q
5 P’s
A
Product, Price, People, Place, Promotion
5
Q
Product
A
- Describe the wine, where it comes from, which grapes are used to produce
it - Dry tasting note (style)
- Quality (high-volume wine OR small-batch and high-quality wine)
6
Q
Price
A
- The range of prices and explain why
7
Q
People
A
- Skilled labour force in the supply chain to sell the product
- Appealable to low or high-involvement consumers
8
Q
Place
A
- Describe where the wine is sold
o Low-involvement - supermarkets, deep discounters, bars, casual
dining
o High-involvement - specialist wine stores, fine dining, specialised
supermarket chains (high-end)
9
Q
Promotion
A
- Describe 3 promotions that can be used to sell the wine
- At the point of sale
o Price Promotion
o Competitions
o Limited packaging
o Consumer tastings
o Staff incentives
o Staff training - Away from the point of sale
o Advertising
o Social Media
o Websites
o Smartphone apps
o Reviews and Awards
o Wine Tourism
o Public Relations
o Sponsorship
o Events and festivals
o Free Merchandise