A power strip is a block on the end of a power cable with a number of sockets (usually 3 or more), often arranged in a line. This term is also used to refer to the whole unit of a short extension cord terminating in a power strip.
Why Is It Important? Pricing is a key determinant in the decision making process customers use to purchase a product or service. It is important to establish how much your target market will pay for your product or service. Shows you how sensitive your customers are to changes in price.
The 3 most important components of a retail marketing strategy. Itâs easy to make retail marketing too complicated, or entirely too tactical. A great customer relationship management system. This is key. Itâs the hub of all information you have about every customer.