What is Price Specification in SAP AP-PRC - CRM Pricing & Condition Technique?

SAP Term: Price Specification

• Component: AP-PRC

• Component Name: CRM Pricing & Condition Technique

• Description: A specification of a price, a discount, or a surcharge for sales, service, and purchasing. The specification is defined for a combination of properties and is valid for a specific period.

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• Key Concepts: 
  Price Specification is a component of the AP-PRC CRM Pricing & Condition Technique in SAP. It is used to define the pricing conditions for products and services, such as discounts, surcharges, and taxes. It also allows users to set up different pricing strategies for different customer segments. 
  
  How to use it: 
  Price Specification can be used to create pricing conditions for products and services. This includes setting up discounts, surcharges, and taxes. It also allows users to set up different pricing strategies for different customer segments. To use Price Specification, users must first define the pricing conditions in the system. This includes setting up discounts, surcharges, and taxes. Once the conditions are defined, users can then assign them to products or services. 
  
  Tips & Tricks: 
  When setting up Price Specification, it is important to consider the customer segment that will be using the product or service. Different customer segments may require different pricing strategies, so it is important to consider this when setting up the pricing conditions. Additionally, it is important to ensure that all discounts, surcharges, and taxes are correctly set up in order to ensure accurate pricing. 
  
  Related Information: 
  For more information on Price Specification in SAP, please refer to the SAP Help Portal (https://help.sap.com/viewer/product/SAP_CRM/7.0/en-US). Additionally, there are many online resources available that provide detailed information on how to use Price Specification in SAP.