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.
It is more than just increasing sales. Here are 5 reasons why customer loyalty matters. 1. Itâs easier to up-sell and cross-sell to loyal customers Loyal customers are familiar with their favourite brands and more willing to try out and explore recommendations and new products.