Professional Documents
Culture Documents
Questionnaire For Hike in Fuel Price
Questionnaire For Hike in Fuel Price
Questionnaire For Hike in Fuel Price
Dear respondent,
I am an undergraduate student of the above-named institution. I am conducting a research study
on the Fuel Price Hike and Survival challenges of Small-Scale Businesses in Alimosho LGA,
Lagos State. Kindly spare your time to help fill the questions as your honest answers will be
highly appreciated and be kept confidential.
OBJECTIVE 1: Effects Of Fuel Price Hikes On The Operational Cost Of Small Scale
Business.
7. How does increase in fuel price affects the operational cost of doing your business?
Positively ( ) Negatively ( ) Indifferently ( ) Not Sure ( )
8. What areas of business operational cost has been mostly affected by the fuel price hike ?
Transportation cost ( ) Cost of fueling generator ( ) Increase in menial expenses ( )
Increase cost of materials ( ) Employees remuneration ( ) others specify ( )
9. Considering the current trend of rising fuel prices, how well is your business coping with
the increase ? Managing Efficiently ( ) Coping with trend ( ) Struggling with the rising
cost ( )
10. Have you had to modify your business strategies due to the rise in fuel prices? Yes ( ) No
( )
11. If yes, how? Changed suppliers to reduce cost ( ) Cut down on some cost ( ) Increase
product prices ( ) Reduced product quality/size ( ) others specify______________
OBJECTIVE 2: Investigate The Extent to which Fuel Price Hike Affects The Revenue
Streams Of Small Scale Business
12. What was your approximate revenue of your business brfore the increase in fuel price?
_______________
13. What is your approximate revenue of your business after the increase in fuel price?
________________
14. Have you had to adjust product or service pricing due to the rise in fuel prices? Yes ( )
No ( )
15. If yes, how has this impacted customer demand? Decrease in customers demand ( )
Increase in customers demand ( ) Customers demand remains unchanged ( )
16. How do you intend maintaining revenue levels if fuel prices continue to rise over the next
year? Implement strategies to reduce cost ( ) Adjust operational costs ( ) Not sure as
business solely depends on fuel ( ) others specify________________
OBJECTIVE 3: Strategies Employed By Small Scale Business In Coping With Fuel Price
Hike
17. What strategies has your small-scale business implemented to cope with the increasing
cost of fuel? Adjusted the prices of products or services ( ) Reduced Frequency of
transportation cost ( ) Seek alternative suppliers ( ) Change the nature/cost of raw
materials ( )
18. Have you renegotiated contracts or agreements with suppliers or vendors to
counterbalance the impact of rising fuel prices? Yes ( ) No ( )
19. How has your business adapted its operational processes to become more energy-efficient
and reduce dependency on fuel? Implemented energy-saving technologies or equipment (
) Optimized production processes to reduce energy consumption ( )No specific changes
made to enhance energy efficiency ( )
20. What financial or cost-cutting measures has your business adopted to offset the impact of
higher fuel prices on overall expenses? Reduced non-essential expenditures to reallocate
funds for fuel expenses ( ) Implemented stricter budgeting ( ) Implemented cost-control
measures ( )No specific financial or cost-cutting measures adopted ( )
OBJECTIVE 4: Possible Ways Government Can Help Alleviate The Challenges Faced By
Small Scale Businesses in The Wake Of Fuel Price Increase