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 Retail in Today's Economy. Opening any new business will have a positive effect of the economy. Retail is especially helpful in aiding local economies and providing jobs in their area. Now, the National Retail Federation is pushing for more retail careers, and advocating their importance to our economy. Recently in the media, jobs in retail have been cast in a bad light. The truth, however, is that these jobs are benefiting the economy in so many more ways than people are aware of.