What is 'reference data' in SAP CRM-MD-BP - Business Partners?

reference data - Overview

• Component: CRM-MD-BP

• Component Name: Business Partners

• Description: Data that is recommended by the reference business partner when you create consumer master records for a particular sales area. You can copy this data create your own data

reference data - Details

• 
  Key Concepts: 
  Reference data is a type of data that is used to define the characteristics of an object or entity. In the context of SAP CRM-MD-BP Business Partners, reference data is used to define the characteristics of a business partner, such as their name, address, contact information, and other relevant details. 
  
  How to use it: 
  Reference data can be used to create and maintain business partner records in SAP CRM-MD-BP. To do this, users must first create a business partner record in the system. This record will contain all of the necessary reference data for the business partner, such as their name, address, contact information, and other relevant details. Once the record is created, users can then use it to manage and track the business partner's activities in SAP CRM-MD-BP. 
  
  Tips & Tricks: 
  When creating a business partner record in SAP CRM-MD-BP, it is important to ensure that all of the reference data is accurate and up-to-date. This will help ensure that the system is able to accurately track and manage the business partner's activities. Additionally, it is important to keep all of the reference data organized and easily accessible so that users can quickly find what they need when they need it. 
  
  Related Information: 
  For more information on reference data in SAP CRM-MD-BP Business Partners, please refer to the official SAP documentation on