The scene here is chaotic.
The squid was indeed placed on the hot plate and curled up.
Mike and the others were overjoyed.
Hikawa-kun also came to see what was going on.
Just as I expected, as soon as a certain profitable product appears in mainland China, everyone else will rush to imitate and follow suit without any regard for the consequences.
That's great!
They've ruined the business themselves, while we buyers are getting a huge windfall.
In the eyes of Mike, Richuan, and others, the first purchase of Wu Changfeng's electric toothbrushes was merely a means to gain a competitive edge in the market.
To avoid someone else getting there first, place an order once the unit price is about right.
This purchase is where we'll make big money.
No matter how low the unit price drops, we will not lower the price when selling to external customers.
The difference between these figures is all profit.
So when Factory Manager Hao on site shouted out a unit price of $150.
Purchasers such as Mike and Richuan approached Factory Director Hao.
Factory Director Hao was somewhat smug. "Come on!"
Smash it!
I'm gonna fucking kill you!
Why has the fire stopped now?
The buyers are coming for me, aren't they?
The only problem is that he walks a bit slowly, even slower than Wu Lao Er next door.
Factory Director Cao took one look and thought, "Screw it!"
The buyers' purchasing intentions have shifted towards Factory Director Hao.
Who's afraid of who!
They're all state-owned enterprises, let's all smash them together!
Factory Director Cao, his heart pounding with emotion, shouted, "140!"
Mike and Richuan stopped and turned to walk towards Director Cao.
The speed is still very slow.
It'll probably take about 10 minutes to get to Director Cao...
"130!" a manufacturer representative shouted from the side.
The manufacturer is desperate.
It cost a lot of money to set up an electric toothbrush production line.
We have to recoup these costs somehow.
Even though it's state property, losing money is a stain on one's record.
No matter what, we have to make that first sale!
Otherwise, they will be questioned by their superiors.
Then forget about a career in government.
Many factory managers share this view.
Therefore, they didn't hesitate to lower prices.
"100!"
Director Hao went straight to zero, ignoring everyone else and just got to work!
Mike and the others' eyes lit up.
Great, this is great, it's only $100!
Buy it!
Mike and the others quickly went back.
Factory Director Cao retorted defiantly: "80!"
Mike and the others were stunned again. This is good, this is good.
This is a very good supplier.
Buy it!
They turned around and went back.
Factory Director Hao was so angry that his nostrils were flaring.
Holy crap! Are you out of your mind? Selling it for $80?
While Factory Manager Hao was still surprised by the price of $80, another manufacturer shouted at the top of their lungs, "Mr. Mike, I'll offer $60!"
Mike exclaimed, "Oh my god!"
They rushed over to the manufacturer.
Factory Director Cao gritted his teeth: "55!"
"54!"
"53!"
"52!"
"51!"
Mike and the others kept turning around, running until they were dizzy and disoriented.
Although the price is very attractive.
But my head was spinning! Luckily I ate some fries, otherwise I would have been spinning around and completely dizzy.
Factory Director Hao quickly reached out to stop him: "Factory Director Cao, are you done playing? It's almost at cost price!"
"As long as there's a profit of just one dollar, I'll do it!"
Factory Director Hao stared in disbelief at all of this. He couldn't understand why the price of electric toothbrushes was so low, already at $51, and they were still engaging in a price war.
Factory Director Hao immediately asked, "You dare to sell it for $51? Aren't you afraid of losing money?"
“Not selling would be even more of a loss! All the equipment and workers are already in place, we can’t just leave them in the factory to rust! At $53 a set, it’s not a loss, we might make a little less profit, but at least it’s foreign exchange,” Factory Manager Cao said.
"This electric toothbrush used to sell for $320!"
"That's ancient history!" Factory Director Cao scoffed.
"It hasn't been that many years, it's just this year," Factory Director Hao said.
"With more manufacturers producing it, production increases, and prices naturally come down. Don't you understand such a simple principle?"
Factory Director Hao suddenly recalled the price war that had just occurred among the exhibitors, and he suddenly understood what had happened.
The next second, Factory Manager Hao suddenly realized that these electric toothbrushes probably wouldn't sell!
Prices below $51 are close to production costs; if there are exchange rate fluctuations, it's like losing money on every unit sold.
"What should we do? I promised the city leaders that I would generate five million in foreign exchange through exports. Now I can't sell a single item. How am I supposed to generate foreign exchange through exports?"
Factory Director Hao was really anxious.
This is not what I expected!
He wanted to raise the price, but Factory Director Hao knew that even if he got the order, he would still lose money.
That would only make the city look down on them even more.
After thinking about it, I decided against it.
Let Director Cao have his fun.
Other manufacturers also shook their heads, looking sad and sighing. They thought they could earn a lot of foreign exchange, but who knew this beast was so ruthless!
They even cut off their own flesh.
Okay, let's stop playing!
Mike and Richuan were a little disappointed to see that no one was bidding.
Ideally, the price would be $1 per unit, which would be perfect.
However, this price is quite good.
$320 to $51.
It's six times cheaper!
The people of mainland China are good friends of the world!
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