What is price strategy in SAP CO-PC - Product Cost Controlling?

SAP Term: price strategy

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A tool that determines how materials, production activities, and external activities are valuated for a given costing type.

Smart SAP Assistant

• Key Concepts: 
  Price strategy in SAP CO-PC Product Cost Controlling is a tool used to determine the price of a product or service. It is based on the cost of production, market conditions, and other factors. The price strategy helps companies to set prices that are competitive and profitable. 
  
  How to use it: 
  In SAP CO-PC Product Cost Controlling, the price strategy is set up in the pricing procedure. This procedure defines the sequence of pricing elements that will be used to calculate the final price of a product or service. The pricing elements can include discounts, surcharges, taxes, and other factors. Once the pricing procedure is set up, it can be used to calculate prices for different products or services. 
  
  Tips & Tricks: 
  When setting up a price strategy in SAP CO-PC Product Cost Controlling, it is important to consider all relevant factors such as cost of production, market conditions, and customer preferences. It is also important to review the pricing procedure regularly to ensure that it is up-to-date and accurate. 
  
  Related Information: 
  For more information about price strategy in SAP CO-PC Product Cost Controlling, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for setting up a price strategy in SAP CO-PC Product Cost Controlling.