Factors that Māori enterprises (excluding 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 | 72% |
Change in financing costs | 28% |
Change in other costs (eg purchase of goods from suppliers, rent) | 56% |
Change in demand | 40% |
Change in productivity | 31% |
Change in stock levels | 13% |
Change in competitors’ price | 24% |
Change in the number of competitors | 16% |
Change in exchange rates | 11% |
Customer sensitivity to price changes | 37% |