Factors that Māori authorities in New Zealand considered as very important in price change decisions
2022, % of businesses that set and review the price of their product
| Category | % of businesses that set and review the price of their product |
|---|---|
| Change in labour costs | 43% |
| Change in financing costs | 25% |
| Change in other costs (eg purchase of goods from suppliers, rent) | 41% |
| Change in demand | 33% |
| Change in productivity | 29% |
| Change in stock levels | 27% |
| Change in competitors’ price | 25% |
| Change in the number of competitors | 13% |
| Change in exchange rates | 8% |
| Customer sensitivity to price changes | 21% |