FACTORS THAT AFFECT PRICE OF WINE

Question 1

PRODUCTION COSTS

Answer 1

2 CATEGORIES
1. Grape Growing
Establishing a vineyard in expensive especially if located in a premium wine region. Soil needs to be prepared, vines to to be bought and planted. Long term investment and return

SIMILAR TO BUYING/MAINTAINING A FOOTBALL FIELD

Established vineyard - vines need attention all throughout the year. Labour cost would be one of the biggest expense but can be cheaper by hiring casual labour/through usage of mechanisation. If growers are able to share labour/machines cheaper. Isolated
Vineyard like mosel, more expense as steeper slopes can only be handled by manual labour.

2. WINEMAKING
   Equipping and Maintaining the winery with necessary equipment

Question 2

PACKAGING

Question 3

TRANSPORT, DISTRIBUTION, SALES

Question 4

TAXES

Question 5

RETAILERS

Question 6

MARKET FORCES