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
0
0.0 %
Product inventory
9
29.0 %
Marketing
5
16.1 %
Materials/supplies
24
77.4 %
Taxes
7
22.5 %
Rent/lease
1
3.2 %
Travel and entertainment
13
41.9 %
None
2
6.4 %
Totals
31
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
15.6 %
Layoff employees
3
9.3 %
Reduce employee benefits
0
0.0 %
Change product offerings
8
25.0 %
Reduce marketing budget
8
25.0 %
Reduce travel expenses
17
53.1 %
Reduce operating costs
6
18.7 %
Reduce stock on hand
15
46.8 %
None of the above
6
18.7 %
Totals
32
100%
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