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% |