Headlines

Question 1

4 types of factors affecting Demand for wine

Answer 1

Social
Economic
Legal
Political

Question 2

Social factors, which mean changes in consumption habits. (7)

Answer 2

Younger people drinking less
Health concerns
Changes in lifestyle
Reduced availability of cheap wine
Changing preferences
Changes in reputation
Changes in spending patterns

Question 3

Economic factors affecting demand for wine.

Answer 3

Strength of economy
Fluctuation in currency exchange
Changes in the market

Question 4

Legal and Political factors affecting demand for wine. (5)

Answer 4

Laws prohibiting or limiting sale
Government policies to reduce alcohol consumption
Taxation
International trade
Wine Laws

Question 5

Factors affecting Supply of wine

Answer 5

Level of production
legislation

Question 6

Factors affecting production which resulting in supply of wine

Answer 6

1. Area under vine
   - Vine pull scheme
   - EU restrictions on planting new vineyards
   - Conversion of vineyard to other uses
   - Abandonment of rural areas
2. Human factors
3. Natural factors