The Wine Business Quiz
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Questions and Answers

Which term is used to describe the majority of wines produced in Bordeaux?

  • Limited edition
  • Premium
  • Inexpensive (correct)
  • High-priced
  • What is the average size of an estate in Bordeaux?

  • Less than 19 hectares
  • More than 19 hectares (correct)
  • 19 hectares
  • Not mentioned in the text
  • What percentage of grape growers in Bordeaux are associated with co-operatives?

  • 50%
  • 10%
  • 25% (correct)
  • 40%
  • What are the main additional production costs for a classed growth in Bordeaux?

    <p>Barrel ageing and higher viticultural costs</p> Signup and view all the answers

    What is the estimated production cost per bottle for Bordeaux AOC?

    <p>€0.57</p> Signup and view all the answers

    What is the 100-point rating system associated with Robert Parker used for?

    <p>Selling wine</p> Signup and view all the answers

    Which country accounted for the highest value of Bordeaux wine exports in 2018?

    <p>Hong Kong</p> Signup and view all the answers

    What percentage of Bordeaux wine by volume was sold within France in 2018?

    <p>56%</p> Signup and view all the answers

    What is the role of a courtier in the Bordeaux wine commercial system?

    <p>They act as brokers between châteaux and négociants.</p> Signup and view all the answers

    How do classed growths and other high-quality wines in Bordeaux typically get sold?

    <p>Through en primeur system</p> Signup and view all the answers

    When does the en primeur campaign for Bordeaux wines typically begin?

    <p>In April following the harvest</p> Signup and view all the answers

    Why did the en primeur system gain popularity in Bordeaux?

    <p>To benefit from early payment for wine</p> Signup and view all the answers

    Which factor is NOT mentioned as a determinant of the success of an en primeur campaign?

    <p>The reputation of the châteaux</p> Signup and view all the answers

    What is the purpose of storing the wines in a secure storage unit after purchase?

    <p>To protect the wines from damage</p> Signup and view all the answers

    Why did some investors in en primeur wines lose money?

    <p>The prices of Bordeaux wines fell</p> Signup and view all the answers

    Which region accounts for the largest proportion of wine traded on the secondary market?

    <p>Bordeaux</p> Signup and view all the answers

    What happens if an averagely good vintage follows a number of successful ones?

    <p>The estates reduce prices to attract buyers</p> Signup and view all the answers

    What is the duration of the en primeur process?

    <p>Several months</p> Signup and view all the answers

    What is the main concern expressed by leading critics regarding the en primeur system?

    <p>The influence of their reviews on wine prices</p> Signup and view all the answers

    What led to Bordeaux prices starting to fall in the 2000s?

    <p>Increased interest from China</p> Signup and view all the answers

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