Introduction

Question 1

Profit

Answer 1

The amount of money or surplus remaining after total costs are deducted from total income

Question 2

Revenue

Answer 2

Total income

Question 3

Wine costs

Answer 3

Total costs of production, sales and marketing, transport, taxes, duties

Question 4

Net profit

Answer 4

Cost minus sales

Question 5

Profit margin

Answer 5

Percentage of sales that turn into profit

Question 6

ABV

Answer 6

alcohol by volume

Question 7

AOC

Answer 7

Appellation d’origine contrôlée

Question 8

AVA

Answer 8

American Viticultural Area

Question 9

BAC

Answer 9

blood alcohol concentration

Question 10

BOGOF/BOGO

Answer 10

buy one, get one free

Question 11

CIM

Answer 11

Chartered Institute of Marketing

Question 12

DOC

Answer 12

Denominazione di Origine Controllata

Question 13

DOCG

Answer 13

Denominazione di Origine Controllata e Garantita

Question 14

EU

Answer 14

European Union

Question 15

GI

Answer 15

Geographical Indications

Question 16

HoReCa

Answer 16

Hotels, restaurants, and cafés/catering

Question 17

OIV

Answer 17

International Organisation of Vine and Wine

Question 18

LCBO

Answer 18

Liquor Control Board of Ontario

Question 19

M&A

Answer 19

mergers and acquisitions

Question 20

NV

Answer 20

non-vintage

Question 21

PDO

Answer 21

Protected Denomination of Origin

Question 22

PESTEL

Answer 22

political, economic, sociological, technological, environmental, legal

Question 23

PGI

Answer 23

Protected Geographical Indication

Question 24

PR

Answer 24

public relations

Question 25

SWOT

Answer 25

strengths, weaknesses, opportunities, threats

Question 26

VAT

Answer 26

value added tax

Question 27

VDP

Answer 27

Verband Deutscher Prädikatsweingüter