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For buyers, establishing strong relationships within these social circles can significantly influence their purchasing decisions. Strong ties with factory representatives enable buyers to gain insights into production capabilities, lead times, and the availability of materials. This exchange of information often leads to more favorable terms and conditions when negotiating contracts.
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2. Manufacturing Costs Labor costs, energy prices, and technological advancements in production processes also impact the overall pricing. Manufacturers that have adopted automation may benefit from lower costs in the long run, potentially offering more competitive prices to consumers.
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