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Question 18 - Certified Energy and Utilities Cloud Accredited Professional discussion

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An energy company is launching a new subscription service in the B2B market that offers an energy consumption consultancy to help customers pay less on their bills. This product will be charged USD $60 monthly.

Which two pricing metadata are needed when defining this price with Industries CPQ?

A.
A Pricing Plan Entry, with type as Price and charge type as Recurring
Answers
A.
A Pricing Plan Entry, with type as Price and charge type as Recurring
B.
A Price Book Entry, with amount as $60. currency as USD and charge type as Recurring
Answers
B.
A Price Book Entry, with amount as $60. currency as USD and charge type as Recurring
C.
A Price List Entry, with amount as $60. currency as USD and charge type as Recurring
Answers
C.
A Price List Entry, with amount as $60. currency as USD and charge type as Recurring
D.
A Pricing Variable, with type as Price and charge type as Recurring
Answers
D.
A Pricing Variable, with type as Price and charge type as Recurring
Suggested answer: A, C

Explanation:

When defining the pricing for a new subscription service with Industries CPQ, it's essential to create a Price List Entry that specifies the price, currency, and charge type. For a subscription service priced at USD $60 monthly, the Price List Entry should have an amount set to $60, the currency specified as USD, and the charge type categorized as Recurring. This approach ensures that the pricing metadata accurately reflects the subscription nature of the service, facilitating correct billing and revenue recognition. Reference = Salesforce Industries CPQ documentation provides detailed guidelines on setting up pricing for various types of products and services, including recurring subscription services. This includes creating and managing Price List Entries to define pricing terms: https://help.salesforce.com/articleView?id=cpq_create_price_list.htm&type=5

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asked 23/09/2024
Andrew Oliphant
36 questions
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