What is 'price object' in SAP CRM-IU - Utilities Industry?

price object - Overview

• Component: CRM-IU

• Component Name: Utilities Industry

• Description: Function that consolidates the determination of prices from various sources and returns the result in price components. Potential price sources are simulations in the SAP ERP System, price configuration tools in the SAP CRM System, BRFplus rules and competitor products.

price object - Details

• 
  Key Concepts: 
  A price object is a component of the CRM-IU Utilities Industry module in SAP. It is used to store and manage pricing information for products and services. This includes the cost of the product or service, discounts, taxes, and other related information. The price object also stores the conditions under which the pricing applies, such as customer type, region, and time period. 
  
  How to use it: 
  The price object can be used to create and manage pricing information for products and services. This includes setting up discounts, taxes, and other related information. The price object also allows users to set up conditions under which the pricing applies, such as customer type, region, and time period. 
  
  Tips & Tricks: 
  When setting up a price object, it is important to ensure that all relevant information is included. This includes the cost of the product or service, discounts, taxes, and other related information. Additionally, it is important to set up conditions under which the pricing applies, such as customer type, region, and time period. 
  
  Related Information: 
  For more information on price objects in SAP CRM-IU Utilities Industry module, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/CRM_IU_UTILITIES_INDUSTRY/7.0/en-US