Other Types of Markets Flashcards
1
Q
What are the two main types of Wine Markets?
A
- Monopoly Markets
- USA Three-Tier System
2
Q
How do Monopoly Markets work?
A
In some countries, there are government run monopoly for the retail sale of alcoholic drinks.
This is done to limit the consumption of alcohol
3
Q
Is the Three-Tier System done at a national level, or a state-by-state level?
A
It is done State-by-State basis. So rules in Kansas could/would be different than Illinois or Colorado or California etc…
4
Q
What is the Volstead Act?
A
It was when alcohol was illegal to make, sell, and consume, in the United States from 1919 to 1933
5
Q
What are the three tiers in the Three-Tier System?
A
- Supplier (including producers, importers)
- Distributors (including wholesalers, brokers)
- Retailer (including on- and off- premise accounts)
