What is price type in SAP CRM-CHM - Channel Management?

SAP Term: price type

• Component: CRM-CHM

• Component Name: Channel Management

• Description: A property of a price bucket that identifies the price program under which a brand owner sold the product to the channel partner. These include distributor base price and market price program.

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• Key Concepts: 
  Price type is a feature of SAP CRM-CHM Channel Management that allows users to define different prices for different customers or customer groups. It enables users to set up different prices for different products, services, or combinations of products and services. This feature is useful for businesses that need to offer different prices to different customers or customer groups.
  
  How to use it: 
  To use the price type feature in SAP CRM-CHM Channel Management, users must first define the price types they want to use. This can be done by creating a new price type or by selecting an existing one. Once the price types have been defined, users can then assign them to specific customers or customer groups. The assigned price types will then be used when calculating the prices for the products and services offered to those customers or customer groups.
  
  Tips & Tricks: 
  When setting up price types in SAP CRM-CHM Channel Management, it is important to consider the different needs of each customer or customer group. For example, if a business offers discounts to certain customers, they should create a separate price type for those customers so that they can receive the discounted prices. Additionally, it is important to ensure that all of the necessary information is included when setting up a new price type, such as the applicable discounts and taxes.
  
  Related Information: 
  For more information on using the price type feature in SAP CRM-CHM Channel Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature effectively.