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% |