WSET Level 4 D2 2025 update|
comprehensive questions and
verified answers (complete
solutions) Exam |GRADE A+!!
Save
Terms in this set (302)
, - When supply exceeds demand:
price falls, consumer have greater
choice of cheaper alternatives.
Producers lower price to remain
Describe what
competitive. Fall in prices lead to
happens when
increased demand in the long run
relative supply
and demand
- When demand exceeds supply:
change
price increase, consumers willing
to pay higher for some wines;
others simply switch to another
wine or a different alcoholic drink
The general - Social
factors - Economic
affecting - Legislative
demand for - Political
wine
List major - Change in consumption habits
social factors - Change in consumer
affecting preferences
demand for - Change in reputation
wine - Change in spending patterns
, - Rapid growth in the first part of
2000
Describe how - Fall after 2008 financial crisis as
global wine many consumers reduce
consumption spending on non-essential
habits have products
changed since - Slight decline in recent years
2001 and due to remain stable to 2021
- Strong growth in sparkling wine
sales
Top five - USA
countries for - France
total wine - Italy
consumption in - Germany
2017 - China
- Increasing globalization of the
Explain the food and drinks industry
increasing wine - Consumers more able and
consumption in willing to embrace new tastes
USA in the last - Increases and improvement in
20-30 yr wine production in the domestic
market
, - Growing middle class showing
Explain the wealth and status - move away
increasing wine from local drinks
consumption in - Aspire to drink imported wine
China - Bilateral trade agreement with
Australia, Chile etc
- Younger people drinking less
wine: old fashioned; less time in
bars, more on social media
Give possible - Health concerns: mostly due to
reasons for government campaigns, e.g., Loi
falling wine Evin in France
consumption in - Changes in lifestyle: less time for
traditional longer meals, less lunchtime
wine-drinking drinking
countries - Reduced availability of cheap
wine: reduce over-production,
some consumers switch to
cheaper alcoholic drinks
comprehensive questions and
verified answers (complete
solutions) Exam |GRADE A+!!
Save
Terms in this set (302)
, - When supply exceeds demand:
price falls, consumer have greater
choice of cheaper alternatives.
Producers lower price to remain
Describe what
competitive. Fall in prices lead to
happens when
increased demand in the long run
relative supply
and demand
- When demand exceeds supply:
change
price increase, consumers willing
to pay higher for some wines;
others simply switch to another
wine or a different alcoholic drink
The general - Social
factors - Economic
affecting - Legislative
demand for - Political
wine
List major - Change in consumption habits
social factors - Change in consumer
affecting preferences
demand for - Change in reputation
wine - Change in spending patterns
, - Rapid growth in the first part of
2000
Describe how - Fall after 2008 financial crisis as
global wine many consumers reduce
consumption spending on non-essential
habits have products
changed since - Slight decline in recent years
2001 and due to remain stable to 2021
- Strong growth in sparkling wine
sales
Top five - USA
countries for - France
total wine - Italy
consumption in - Germany
2017 - China
- Increasing globalization of the
Explain the food and drinks industry
increasing wine - Consumers more able and
consumption in willing to embrace new tastes
USA in the last - Increases and improvement in
20-30 yr wine production in the domestic
market
, - Growing middle class showing
Explain the wealth and status - move away
increasing wine from local drinks
consumption in - Aspire to drink imported wine
China - Bilateral trade agreement with
Australia, Chile etc
- Younger people drinking less
wine: old fashioned; less time in
bars, more on social media
Give possible - Health concerns: mostly due to
reasons for government campaigns, e.g., Loi
falling wine Evin in France
consumption in - Changes in lifestyle: less time for
traditional longer meals, less lunchtime
wine-drinking drinking
countries - Reduced availability of cheap
wine: reduce over-production,
some consumers switch to
cheaper alcoholic drinks
