Factors that businesses 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 | 66% |
| Change in financing costs | 24% |
| Change in other costs (eg purchase of goods from suppliers, rent) | 67% |
| Change in demand | 30% |
| Change in productivity | 20% |
| Change in stock levels | 14% |
| Change in competitors’ price | 23% |
| Change in the number of competitors | 15% |
| Change in exchange rates | 14% |
| Customer sensitivity to price changes | 30% |