Small-business owner must decide: Raise prices or eat costs?

While many owners have been reluctant to raise prices for fear of alienating customers, they’ll be forced to do so to stay profitable, said Scott Anderson, chief economist of the Bank of the West.

Small-business owner must decide: Raise prices or eat costs?

By Joyce M. Rosenberg, AP BUSINESS WRITER Higher energy prices and borrowing costs make it more expensive than last year for Bill Savickas to operate his wholesale produce business — especially since it’s hard to pass the increases on to his customers. “No one wants to be the first in the industry to raise rates […]