The way Serbian rakija distillers evaluate the quality and market position of their spirits
This research aims to answer questions regarding how Serbian distillers evaluate the quality of their products and their chances on the market. The author also intends to determine the number of market segments for rakija, the Serbian national spirit. As this is the first known study of distillers a...
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| Format: | Article |
| Language: | English |
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University of Belgrade - Faculty of Agriculture, Belgrade
2023-01-01
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| Series: | Journal of Agricultural Sciences (Belgrade) |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/1450-8109/2023/1450-81092302217A.pdf |
| _version_ | 1797743731003097088 |
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| author | Adžić Slobodan |
| author_facet | Adžić Slobodan |
| author_sort | Adžić Slobodan |
| collection | DOAJ |
| description | This research aims to answer questions regarding how Serbian distillers evaluate the quality of their products and their chances on the market. The author also intends to determine the number of market segments for rakija, the Serbian national spirit. As this is the first known study of distillers and the economics of rakija production in Serbia, this research will be exploratory in nature. A quantitative survey of professional and hobbyist rakija distillers (N = 104) was conducted online in October 2021, which means that at the 95% probability level, the sampling error is below 10%. Rakija distillers rated the quality of their rakija as relatively high-7.88 out of 10, while, conversely, they rated the market situation as relatively low-2.67 out of 7. They are very enthusiastic about their future market prospects-4.19 out of 7, but with current business approaches and their outdated production methods, their future does not look bright. It has been found that the rakija market in Serbia has three segments in terms of price: low-priced (up to 500 dinars), mid-priced (between 501 and 1000 dinars), and high-priced (1001 dinars and above). The median, or medium price of all rakija in our sample, was 750 dinars. Finally, a feasible strategy for the rakija market was synthesized by the SWOT/TOWS analysis. The research findings will be useful not only for distillers, but also important for agricultural policymakers as stricter standards need to be introduced to ensure rakija quality. |
| first_indexed | 2024-03-12T14:59:38Z |
| format | Article |
| id | doaj.art-8de6144f1a3347e9b648f2e870d23774 |
| institution | Directory Open Access Journal |
| issn | 1450-8109 2406-0968 |
| language | English |
| last_indexed | 2024-03-12T14:59:38Z |
| publishDate | 2023-01-01 |
| publisher | University of Belgrade - Faculty of Agriculture, Belgrade |
| record_format | Article |
| series | Journal of Agricultural Sciences (Belgrade) |
| spelling | doaj.art-8de6144f1a3347e9b648f2e870d237742023-08-14T09:21:51ZengUniversity of Belgrade - Faculty of Agriculture, BelgradeJournal of Agricultural Sciences (Belgrade)1450-81092406-09682023-01-016822172361450-81092302217AThe way Serbian rakija distillers evaluate the quality and market position of their spiritsAdžić Slobodan0https://orcid.org/0000-0002-8827-5492University Union - Nikola Tesla, Faculty of Management FAM, Sremski Karlovci, SerbiaThis research aims to answer questions regarding how Serbian distillers evaluate the quality of their products and their chances on the market. The author also intends to determine the number of market segments for rakija, the Serbian national spirit. As this is the first known study of distillers and the economics of rakija production in Serbia, this research will be exploratory in nature. A quantitative survey of professional and hobbyist rakija distillers (N = 104) was conducted online in October 2021, which means that at the 95% probability level, the sampling error is below 10%. Rakija distillers rated the quality of their rakija as relatively high-7.88 out of 10, while, conversely, they rated the market situation as relatively low-2.67 out of 7. They are very enthusiastic about their future market prospects-4.19 out of 7, but with current business approaches and their outdated production methods, their future does not look bright. It has been found that the rakija market in Serbia has three segments in terms of price: low-priced (up to 500 dinars), mid-priced (between 501 and 1000 dinars), and high-priced (1001 dinars and above). The median, or medium price of all rakija in our sample, was 750 dinars. Finally, a feasible strategy for the rakija market was synthesized by the SWOT/TOWS analysis. The research findings will be useful not only for distillers, but also important for agricultural policymakers as stricter standards need to be introduced to ensure rakija quality.https://scindeks-clanci.ceon.rs/data/pdf/1450-8109/2023/1450-81092302217A.pdfrakijaspiritsproduct qualitymarket positionsegmentationdistillers |
| spellingShingle | Adžić Slobodan The way Serbian rakija distillers evaluate the quality and market position of their spirits Journal of Agricultural Sciences (Belgrade) rakija spirits product quality market position segmentation distillers |
| title | The way Serbian rakija distillers evaluate the quality and market position of their spirits |
| title_full | The way Serbian rakija distillers evaluate the quality and market position of their spirits |
| title_fullStr | The way Serbian rakija distillers evaluate the quality and market position of their spirits |
| title_full_unstemmed | The way Serbian rakija distillers evaluate the quality and market position of their spirits |
| title_short | The way Serbian rakija distillers evaluate the quality and market position of their spirits |
| title_sort | way serbian rakija distillers evaluate the quality and market position of their spirits |
| topic | rakija spirits product quality market position segmentation distillers |
| url | https://scindeks-clanci.ceon.rs/data/pdf/1450-8109/2023/1450-81092302217A.pdf |
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