Reasons for the closure of Shenzhen Fuyong Zhengrun Toy Factory

The market is fiercely competitive and poorly managed.

1, the market competition is fierce. The competition in the toy industry is fierce, there are many similar products in the market, and the price pressure is great, so it is difficult to bring enough profits to Shenzhen Fuyong Zhengrun Toy Factory.

2. Poor management. There are some problems in the management of Shenzhen Fuyong Zhengrun Toy Factory, such as poor management and mistakes in decision-making, which lead to difficulties in business operation and inability to make profits.