Adjusting to Cost Increases
If respondent expects energy costs to rise at least somewhat for the remainder of the year (next six months).
23. How do you plan to compensate for those increases? Is it by:?
|1||Raising selling prices||29|
|2||Laying-off some employees or not filling existing vacancies||5|
|3||Absorbing them with lower earnings or profits||18|
|4||Freezing or cutting employee wages or benefits||4|
|5||Cutting, eliminating, or delaying business investment||8|
|6||Reducing the total volume of energy used through conservation measures||24|
Notes: Twenty-nine (29) percent of small employers who expect noticeable energy price increases throughout the remainder of the year intend to offset those increases by raising selling prices (Q#23).