What is pocket price in SAP CRM-BTX - Business Transactions?

SAP Term: pocket price

• Component: CRM-BTX

• Component Name: Business Transactions

• Description: A monetary amount that the seller receives from the purchase of a product after all price adjustments.

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• Key Concepts: 
  Pocket price is a term used in the SAP CRM-BTX Business Transactions component. It is a pricing method that allows customers to purchase goods or services at a discounted rate. The pocket price is determined by the customer's purchasing power and the supplier's willingness to offer discounts. 
  
  How to use it: 
  In order to use pocket price, customers must first negotiate with the supplier to determine the discounted rate. Once the pocket price has been agreed upon, the customer can then purchase goods or services at that rate. The pocket price will be applied to all subsequent purchases until the customer and supplier renegotiate the rate. 
  
  Tips & Tricks: 
  When negotiating a pocket price, it is important to consider both the customer's purchasing power and the supplier's willingness to offer discounts. Customers should also be aware of any additional fees or taxes that may be associated with their purchase. 
  
  Related Information: 
  Pocket price is just one of many pricing methods available in SAP CRM-BTX Business Transactions. Other pricing methods include list price, discount pricing, and special pricing. Each pricing method has its own advantages and disadvantages, so it is important to consider all options before making a decision.