Learning about pricing methods
CPQ can adjust and modify the price of a product that is derived from the price book. Pricing methods can be used to perform price changes when a rep adds a product to a quote. In the previous chapter, while creating products, we saw that we had a section related to pricing, where we can define product pricing attributes. A pricing method is a standard field in the product object. Salesforce CPQ offers the following four pricing methods out of the box:
- List price
- Cost
- Block
- Percent of total
Let's learn more about each of these pricing methods and how an admin can configure them in CPQ. Each pricing method is a picklist value in the product object.
Setting a list price
For the list price value, the price is retrieved from the price book entry of a product. This leverages the native price book and multi-currency features.
To set up the list price for a product, navigate to App launcher Products (select...
