What is quotation type in SAP CRM-BF-CPE - Engine for Commodity Pricing in CRM?

SAP Term: quotation type

• Component: CRM-BF-CPE

• Component Name: Engine for Commodity Pricing in CRM

• Description: Characteristic of the commodity price or rate provided by the stock market, such as: Middle High Low

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• Key Concepts: 
  A quotation type is a component of the CRM-BF-CPE Engine for Commodity Pricing in CRM. It is used to define the pricing conditions for a particular product or service. The quotation type contains information such as the pricing conditions, discounts, and taxes that will be applied to the product or service. 
  
  How to use it: 
  To use the quotation type, you must first create a quotation in the CRM system. Once you have created the quotation, you can select the appropriate quotation type from the drop-down menu. This will then apply the pricing conditions, discounts, and taxes associated with that quotation type to the product or service. 
  
  Tips & Tricks: 
  When creating a quotation type, it is important to ensure that all of the pricing conditions, discounts, and taxes are accurate and up-to-date. This will ensure that customers receive accurate pricing information when they purchase products or services from your company. 
  
  Related Information: 
  For more information on how to create and manage quotation types in CRM, please refer to SAP's documentation on the topic. Additionally, there are many online resources available that provide helpful tips and tricks for working with quotation types in CRM.