Adjusting to Cost Increases
» Adjusting to Cost Increases, Volume 1, Issue 4, 2001
If respondent took at least one action to offset energy price increases.
21. Which was the single most important step that you took to offset rising energy costs? Was it:?
| Response | ||||
|---|---|---|---|---|
| 1 | Raising prices | 15 | ||
| 2 | Laying-off some employees or not filling existing vacancies | 3 | ||
| 3 | Absorbing them with lower earnings or profits | 38 | ||
| 4 | Freezing or cutting employee wages or benefits | 2 | ||
| 5 | Cutting, eliminating, or delaying business investment | 4 | ||
| 6 | Reducing the total volume of energy used through conservation measures | 32 | ||
| 7 | Other | 5 | ||
| 8 | DK/Refuse | 2 | ||
| Total (%) | 101 | |||
| N | 638 | |||
Notes: The single most important step taken by 38 percent of small employers to offset energy cost increases was to lower earnings (Q#21).
