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.
Why is utility such an important to feature of marketing? Utility is such an important feature of marketing because proper marketing takes into account how people will use the product or service. When something is marketed and ha â¦ s poor utility, the consumer is less likely to buy it.