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.
Sales & Gross Margin. The most important performance indicator for a retail store is the sales generated over a period of time. Sales can be compared across locations, retail stores, product categories, etc. to identify performance trends and formulate marketing strategies and offers.