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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

13.6 %

Employee benefits

8

18.1 %

Product inventory

35

79.5 %

Marketing

18

40.9 %

Materials/supplies

20

45.4 %

Taxes

10

22.7 %

Rent/lease

7

15.9 %

Travel and entertainment

14

31.8 %

None

5

11.3 %

Totals

44

100%

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

Answer

0%

100%

Number of

Response(s)

Response

Ratio

Reduce prices

17

38.6 %

Layoff employees

7

15.9 %

Reduce employee benefits

5

11.3 %

Change product offerings

16

36.3 %

Reduce marketing budget

24

54.5 %

Reduce travel expenses

25

56.8 %

Reduce operating costs

14

31.8 %

Reduce stock on hand

17

38.6 %

None of the above

6

13.6 %

Totals

44

100%

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