WSET LEVEL 4 D2 EXAM comprehensive
questions and verified accurate solution (detailed
& elaborated) 2025 TEST!!
Save
Terms in this set (302)
- When supply exceeds demand: price falls, consumer
have greater choice of cheaper alternatives.
Producers lower price to remain competitive. Fall in
Describe what happens prices lead to increased demand in the long run
when relative supply and
demand change - When demand exceeds supply: price increase,
consumers willing to pay higher for some wines;
others simply switch to another wine or a different
alcoholic drink
- Social
The general factors - Economic
affecting demand for wine - Legislative
- Political
- Change in consumption habits
List major social factors - Change in consumer preferences
affecting demand for wine - Change in reputation
- Change in spending patterns
, - Rapid growth in the first part of 2000
- Fall after 2008 financial crisis as many consumers
Describe how global wine
reduce spending on non-essential products
consumption habits have
- Slight decline in recent years and due to remain
changed since 2001
stable to 2021
- Strong growth in sparkling wine sales
- USA
- France
Top five countries for total
- Italy
wine consumption in 2017
- Germany
- China
- Increasing globalization of the food and drinks
industry
Explain the increasing
- Consumers more able and willing to embrace new
wine consumption in USA
tastes
in the last 20-30 yr
- Increases and improvement in wine production in
the domestic market
- Growing middle class showing wealth and status -
Explain the increasing
move away from local drinks
wine 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
- Health concerns: mostly due to government
Give possible reasons for
campaigns, e.g., Loi Evin in France
falling wine consumption
- Changes in lifestyle: less time for longer meals, less
in traditional wine-drinking
lunchtime drinking
countries
- Reduced availability of cheap wine: reduce over-
production, some consumers switch to cheaper
alcoholic drinks
- Rose and Prosecco become popular
List a few major changes in
- Increased demand for lower-alcohol wines
consumer preferences in
- Medium-sweet German wines and fortified wines
recent years
going out of fashion
questions and verified accurate solution (detailed
& elaborated) 2025 TEST!!
Save
Terms in this set (302)
- When supply exceeds demand: price falls, consumer
have greater choice of cheaper alternatives.
Producers lower price to remain competitive. Fall in
Describe what happens prices lead to increased demand in the long run
when relative supply and
demand change - When demand exceeds supply: price increase,
consumers willing to pay higher for some wines;
others simply switch to another wine or a different
alcoholic drink
- Social
The general factors - Economic
affecting demand for wine - Legislative
- Political
- Change in consumption habits
List major social factors - Change in consumer preferences
affecting demand for wine - Change in reputation
- Change in spending patterns
, - Rapid growth in the first part of 2000
- Fall after 2008 financial crisis as many consumers
Describe how global wine
reduce spending on non-essential products
consumption habits have
- Slight decline in recent years and due to remain
changed since 2001
stable to 2021
- Strong growth in sparkling wine sales
- USA
- France
Top five countries for total
- Italy
wine consumption in 2017
- Germany
- China
- Increasing globalization of the food and drinks
industry
Explain the increasing
- Consumers more able and willing to embrace new
wine consumption in USA
tastes
in the last 20-30 yr
- Increases and improvement in wine production in
the domestic market
- Growing middle class showing wealth and status -
Explain the increasing
move away from local drinks
wine 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
- Health concerns: mostly due to government
Give possible reasons for
campaigns, e.g., Loi Evin in France
falling wine consumption
- Changes in lifestyle: less time for longer meals, less
in traditional wine-drinking
lunchtime drinking
countries
- Reduced availability of cheap wine: reduce over-
production, some consumers switch to cheaper
alcoholic drinks
- Rose and Prosecco become popular
List a few major changes in
- Increased demand for lower-alcohol wines
consumer preferences in
- Medium-sweet German wines and fortified wines
recent years
going out of fashion
