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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

0

0.0 %

Employee benefits

1

4.7 %

Product inventory

2

9.5 %

Marketing

9

42.8 %

Materials/supplies

16

76.1 %

Taxes

4

19.0 %

Rent/lease

4

19.0 %

Travel and entertainment

15

71.4 %

None

3

14.2 %

Totals

21

100%

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

Answer

0%

100%

Number of

Response(s)

Response

Ratio

Reduce prices

5

23.8 %

Layoff employees

2

9.5 %

Reduce employee benefits

0

0.0 %

Change product offerings

9

42.8 %

Reduce marketing budget

7

33.3 %

Reduce travel expenses

12

57.1 %

Reduce operating costs

8

38.0 %

Reduce stock on hand

7

33.3 %

None of the above

3

14.2 %

Totals

21

100%

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