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 Importance of Responsiveness. The difference between those that succeed, and those that don't, can be defined by one small practice. Let's say you open a retail store. You choose to ignore the majority of people that walk into your store and ask a question. You rarely answer the phone.