What is fixed term in SAP CEC-SAL-SB - Subscription Management and Billing?

SAP Term: fixed term

• Component: CEC-SAL-SB

• Component Name: Subscription Management and Billing

• Description: The default length of a subscription.

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• Key Concepts: 
  Fixed term is a type of subscription in SAP CEC-SAL-SB Subscription Management and Billing. It is a subscription that has a fixed duration, meaning that it will automatically expire after a certain period of time. The duration of the subscription can be set by the customer or the provider. 
  
  How to use it: 
  Fixed term subscriptions are used when customers need access to a service or product for a specific period of time. For example, if a customer needs access to an online course for six months, they can purchase a fixed term subscription that will expire after six months. The customer can then renew the subscription if they need access for longer. 
  
  Tips & Tricks: 
  When setting up a fixed term subscription, it is important to make sure that the duration is set correctly. If the duration is too short, the customer may not have enough time to use the service or product. If the duration is too long, the customer may end up paying for more than they need. 
  
  Related Information: 
  Fixed term subscriptions are just one type of subscription available in SAP CEC-SAL-SB Subscription Management and Billing. Other types of subscriptions include recurring subscriptions, which are billed on a regular basis, and one-time subscriptions, which are billed only once.