Majority Of Small Business Owners Pass Rising Costs On To Customers

Research commissioned by Smart Energy GB discovers that three-quarters of small business owners have had to pass rising costs onto their customers. Undated photograph. (Jon Mills, SWNS/Zenger)

Three-quarters of small business owners have had to pass rising costs onto their customers, according to research.

A survey of 500 businesses in the United Kingdom revealed 86 percent are trying to minimize their overheads in an attempt to reduce further increases or keep their prices the same, amid escalating costs.