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Freemark Abbey Winery (Abridged), Spanish Version Case Solution & Answer

Freemark Abbey Winery (Abridged), Spanish Version Case Solution

This Case is about ECONOMICS, RISK MANAGEMENT

PUBLICATION DATE: July 19, 2005 PRODUCT #: 616S13-HCB-SPA

To harvest in rain or not is a decision that must be made by Freemark Abbey. Rain could damage the crop but delaying the harvest would be dangerous. On the other hand, rain significantly raise the worth of the resultant wine and could be valuable. This choice is further complicated by the fact that mature Riesling grapes can be vinified in two ways, resulting in two distinct styles of wine. Their comparative costs would be contingent on the dubious inclination of consumers two years afterwards, when the wine is bottled and sold.

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