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)
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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
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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)
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4
Q

5 P’s

A

Product, Price, People, Place, Promotion

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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)
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6
Q

Price

A
  • The range of prices and explain why
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7
Q

People

A
  • Skilled labour force in the supply chain to sell the product
  • Appealable to low or high-involvement consumers
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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)
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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
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