Canon - Market price

definition

Market price is a professionally defined term in the context of viticulture, cellar management or the wine market.

System model

Market price is described within a consistent frame of reference as a clearly definable unit whose internal criteria are established independently of purpose, valuation or application.

Demarcation

  • Market price ≠ an adjacent, but not identical, concept
  • Conceptual definition ≠ practical implementation