Chile’s largest producer of wine, Concha y Toro, chooses to compete in Europe, North America, the Caribbean, and Asia using an export strategy. Go to the Investor Relations section of the company’s website ( www.conchaytoro.com/

the-company/investor-relations/ ) to review the company’s press releases, annual reports, and presentations. Why does it seem that the company has avoided developing vineyards and wineries in wine-growing regions outside South America? What reasons does Concha y Toro likely have to pursue exporting rather than stick to a domestic-only sales and distribution strategy?