Direct Marketing of US Grown Chinese Medicinal Botanicals: Feasibility and Marketing Strategies
2007
During the 1990s in the herbal products industry, a boom followed by a decline resulted in losses to some US farmers. In response, representatives of several medicinal herb growers associations began a discussion series to share information and find solutions to problems. Their analysis of the market led them to form and test a hypothesis regarding market acceptance of their products. Concentrating their efforts on an emerging market segment, licensed practitioners of Acupuncture and Oriental Medicine in the US, growers conducted a feasibility and planning study in 2004–2005 and now are pursuing a marketing strategy based on the conclusions of the study.
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