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.
    If you don't make customers feel welcome, they are less likely to come back and shop in your store again. Nor are they likely to tell other potential customers abo â¦ ut your store or services. A good price is not enough to guarantee a steady supply of customers.t is important to make customers feel welcome in a place of  business because they need to feel comfortable. If they are not  comfortable, there is a chance that business m â¦ ay lose them as a  customer.