Supply and demand

Question 1

Identify the categories of SOCIAL FACTORS that influence the demand for wine : SHaRP

Answer 1

Changes in (SHaRP) :

Spending Patterns
Consumption Habits.
Reputation.
Consumer Preferences.

Question 2

Identify the categories of LEGISLATIVE AND POLITICAL FACTORS that influence the demand for wine : WILTinG

Answer 2

WILTinG

Wine Laws
International Trade
Laws Prohibiting or Limiting the Sale of Alcohol
Taxation
Government Policies to Reduce Alcohol Consumption

Question 3

Identify some reasons behind the USA’s increased wine consumption from 2003-2019 :

Answer 3

USA’s increased wine consumption from 2003-2019 :

Wine has increasingly become part of the mainstream culture, increased willingness to try new wine types.
Globalization of the food and bev industries (growth of MNC’s increased availability of wine from different regions, countries).
Increases and improvements in wine production domestically.