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

SAP Term: term type

• Component: CRM-BF-CPE

• Component Name: Engine for Commodity Pricing in CRM

• Description: The calculation type of a term used by the commodity pricing engine. Examples are rate-based, value-based, or fixed term.

Smart SAP Assistant

• Key Concepts: 
  Term type is a component of the CRM-BF-CPE Engine for Commodity Pricing in CRM. It is used to define the type of term that will be used in a pricing agreement. The term type can be either a fixed price, a percentage, or a formula. 
  
  How to use it: 
  To use the term type component, you must first create a pricing agreement. Once the agreement is created, you can select the term type from the drop-down menu. Depending on the type of term you select, you will need to enter additional information such as the fixed price or formula. 
  
  Tips & Tricks: 
  When creating a pricing agreement, it is important to select the correct term type for your needs. If you are unsure which term type to use, consult with an expert in commodity pricing. 
  
  Related Information: 
  For more information on the CRM-BF-CPE Engine for Commodity Pricing in CRM, please refer to SAP's official documentation.