1. Independent production and sales mode: Liuhui jewelry designs, produces and sells itself. This model reduces the intermediate price increase, thus reducing the cost. In addition, they may have taken some effective cost control measures, such as optimizing production processes and improving production efficiency, thus further reducing costs.
2. Small profits but quick turnover: Liuhui jewelry may adopt the strategy of small profits but quick turnover to attract more customers through preferential prices, thus gaining greater market share.
3. Efficient supply chain management: Liuhui Jewelry may be very efficient in supply chain management, able to purchase enough raw materials in time, and ensure that the logistics and warehousing costs in the production process are controlled at a low level.
4. Innovative design: Through innovative design, Liuhui Jewelry can reduce production costs while ensuring product quality.
5. Good marketing strategy: Liuhui Jewelry may have adopted effective marketing strategies, such as advertising, promotion and other means to improve brand awareness and market share, thus reducing the marketing cost of unit products.
6. Regional advantages: The region where Liuhui Jewelry is located may have certain advantages, such as lower labor costs and abundant raw material resources, which will help reduce production costs.
7. Efficient human resource management: Liuhui Jewelry may improve employees' work enthusiasm and efficiency through efficient human resource management, such as employee training and incentive mechanism, so as to improve production efficiency and reduce labor costs.
These factors may combine to make Liuhui Jewelry offer cheaper products. Of course, the specific situation also needs to refer to the actual operation of Liuhui Jewelry to judge.