What is effective price in SAP CEC-SAL-SB - Subscription Management and Billing?

SAP Term: effective price

• Component: CEC-SAL-SB

• Component Name: Subscription Management and Billing

• Description: The price of a product or service that differs from its standard price. It can derive from negotiations between a customer and sales, and is subject to review, acceptance, or rejection.

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• Key Concepts: 
  Effective price is a term used in SAP CEC-SAL-SB Subscription Management and Billing. It is the price of a subscription that is calculated after taking into account any discounts or promotions that have been applied. This price is the one that will be charged to the customer. 
  
  How to use it: 
  When setting up a subscription, the effective price should be calculated and displayed to the customer. This will ensure that they are aware of the final cost of their subscription before they commit to it. The effective price should also be used when calculating any taxes or fees associated with the subscription. 
  
  Tips & Tricks: 
  When setting up a subscription, it is important to ensure that all discounts and promotions are taken into account when calculating the effective price. This will ensure that customers are not overcharged for their subscription. Additionally, it is important to keep track of any changes in the effective price over time, as this can affect taxes and fees associated with the subscription. 
  
  Related Information: 
  For more information on SAP CEC-SAL-SB Subscription Management and Billing, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to set up and manage subscriptions in SAP CEC-SAL-SB.