What is mode price in SAP CA-RT-PMR - SAP Promotion Management?

SAP Term: mode price

• Component: CA-RT-PMR

• Component Name: SAP Promotion Management

• Description: The most common or recurring price for a product across each of the locations in which it is sold.

Smart SAP Assistant

• Key Concepts: 
  Mode Price is a feature of SAP Promotion Management and Real-Time Pricing (CA-RT-PMR) that allows customers to set prices for products and services based on different modes of payment. This feature enables customers to offer discounts or other incentives to customers who pay with certain payment methods, such as credit cards or PayPal. 
  
  How to use it: 
  Mode Price can be used to set different prices for different payment methods. For example, a customer may offer a discount for customers who pay with a credit card, or may offer a lower price for customers who pay with PayPal. The customer can also set different prices for different currencies, allowing them to offer discounts or other incentives to customers in different countries. 
  
  Tips & Tricks: 
  When setting Mode Prices, it is important to consider the impact of the different prices on customer loyalty. Customers may be more likely to return if they feel they are getting a good deal. Additionally, it is important to consider the impact of Mode Prices on profitability. Setting too low of a price may result in lower profits, while setting too high of a price may result in fewer sales. 
  
  Related Information: 
  Mode Price is just one of the features available in SAP Promotion Management and Real-Time Pricing (CA-RT-PMR). Other features include coupon codes, loyalty programs, and promotional campaigns. Additionally, SAP offers other products that can be used in conjunction with CA-RT-PMR, such as SAP Customer Relationship Management (CRM) and SAP Business Intelligence (BI).