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.
And customers are quick to share negative experiences online. Now the products and services you offer are only as good as the service you back them with â so itâs important to support customers on every channel from day one. Customer service is critical to competing effectively.