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 (C)</p> Signup and view all the answers

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

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

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

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

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

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

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

<p>56% (B)</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. (A)</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 (D)</p> Signup and view all the answers

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

<p>In April following the harvest (A)</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 (A)</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 (C)</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 (C)</p> Signup and view all the answers

Why did some investors in en primeur wines lose money?

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

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

<p>Bordeaux (C)</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 (A)</p> Signup and view all the answers

What is the duration of the en primeur process?

<p>Several months (D)</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 (C)</p> Signup and view all the answers

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

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

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