2016 IACA American Indian Arts Business Survey - page 47

In which areas of your business have you seen a significant to moderate increase in costs over the last
12 months? (Check all that apply)
Answer
0%
100%
Number of
Response(s)
Response
Ratio
Salaries
8
20.5 %
Employee benefits
4
10.2 %
Inventory Costs
28
71.7 %
Marketing
14
35.8 %
Materials/supplies
7
17.9 %
Taxes
6
15.3 %
Rent/lease
4
10.2 %
Travel and entertainment
7
17.9 %
None
6
15.3 %
Totals
39
100%
Have economic pressures forced you to take any of the following actions? (Check all that apply.)
Answer
0%
100%
Number of
Response(s)
Response
Ratio
Reduce prices
10
25.6 %
Lay-off employees
3
7.6 %
Reduce employee benefits
2
5.1 %
Change product offerings
10
25.6 %
Reduce marketing budget
11
28.2 %
Reduce travel expenses
13
33.3 %
Reduce operating costs
6
15.3 %
Reduce stock on hand
15
38.4 %
None of the above
12
30.7 %
Totals
39
100%
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