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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2362 |
Essay's paper body
Political/Legal: High impact. Alcohol is a highly regulated industry, with many permits and licenses involved in sales, production and transportation.
f. Demographic: High impact. There is a minimum age in most countries for one to consume alcohol. In addition, the types of alcohol consumed vary widely between age categories...
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The majority of wine is consumed by adults between 35 and 60, an attractive demographic.
Conclusions
The sociocultural and legal aspects of the industry make it a tricky prospect. That said, there are strong possibilities for growth. Productivity improvements and high industry-wide capacity utilization in the spirits sector allow for increased operating profits...
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