In 2007, HKSAR Financial Secretary Henry Tang, halved the excise duty on wine and liquor (Alcohol By Volume ABV<30%) to 40 per cent duty rate. The next year when he became Chief Secretary, his successor as Financial Secretary Mr. John Tsang went even further and abolished the duty. The wine market in Hong Kong presents tremendous opportunities for growth and expansion of business for wineries and marketers ever since. Hong Kong has grown as a top wine import/export and auction hub in the world, taking over from London and New York, while auction houses such as Sotheby and Christie have been pushing Asian ers for new business as prices drop in the wake of global economic downturn and as luxury spending dwindles.
An extensive research is critical in understanding the characteristics of the Hong Kong market after the ten years of duty abolishment. The primary purpose of the proposed study is to examine the perceptions of wine purchase among the non-wine educated consumers. The proposed research is to investigate the consumers’ attitudes towards 1) Brand Recognition, 2) Country of Origin, 3) Critic Scores and Wine Ratings, 4) Label/Packaging Design and 5) Pricing. Fundamentally, the study will aim to establish the impacts of aforementioned factors on the purchase behaviours of the consumers in Hong Kong and rank the importance of the five factors. It is vital to note that the proposed study will make immense contribution to the research on wine consumer behaviours, thereby helping marketers and wineries to position their brands in the Hong Kong market.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more