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
14
23.7 %
Employee benefits
4
6.7 %
Product inventory
40
67.7 %
Marketing
21
35.5 %
Materials/supplies
22
37.2 %
Taxes
16
27.1 %
Rent/lease
9
15.2 %
Travel and entertainment
21
35.5 %
None
2
3.3 %
Totals
59
100%
Have economic pressures forced you to take any of the following actions?
Answer
0%
100%
Number of
Response(s)
Response
Ratio
Reduce prices
26
44.0 %
Layoff employees
6
10.1 %
Reduce employee benefits
3
5.0 %
Change product offerings
18
30.5 %
Reduce marketing budget
15
25.4 %
Reduce travel expenses
21
35.5 %
Reduce operating costs
15
25.4 %
Reduce stock on hand
24
40.6 %
None of the above
11
18.6 %
Totals
59
100%
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