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In which areas of your business have you seen a significant to moderate increase in costs over the last

12 months?

Answer

0%

100%

Number of

Response(s)

Response

Ratio

Salaries

6

8.8 %

Employee benefits

10

14.7 %

Product inventory

40

58.8 %

Marketing

28

41.1 %

Materials/supplies

38

55.8 %

Taxes

14

20.5 %

Rent/lease

11

16.1 %

Travel and entertainment

30

44.1 %

None

8

11.7 %

Totals

68

100%

Have economic pressures forced you to take any of the following actions?

Answer

0%

100%

Number of

Response(s)

Response

Ratio

Reduce prices

22

32.3 %

Layoff employees

10

14.7 %

Reduce employee benefits

5

7.3 %

Change product offerings

27

39.7 %

Reduce marketing budget

32

47.0 %

Reduce travel expenses

38

55.8 %

Reduce operating costs

23

33.8 %

Reduce stock on hand

26

38.2 %

None of the above

9

13.2 %

Totals

68

100%

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