What is effective date in SAP CRM-MKT - Marketing?

SAP Term: effective date

• Component: CRM-MKT

• Component Name: Marketing

• Description: The start and end dates for which a product, product category, product group, or product segment is valid for a trade promotion or deal.

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• Key Concepts: 
  Effective date is a field in SAP CRM-MKT Marketing that indicates when a particular action or event will take effect. It is used to control when certain activities, such as promotions, discounts, and campaigns, will be activated. 
  
  How to use it: 
  When creating a new promotion or campaign in SAP CRM-MKT Marketing, the user must enter an effective date. This date will determine when the promotion or campaign will become active and available for customers. The user can also set an expiration date for the promotion or campaign, which will indicate when it will no longer be active. 
  
  Tips & Tricks: 
  It is important to ensure that the effective date is set correctly in order for the promotion or campaign to be activated at the desired time. Additionally, it is important to remember to set an expiration date for the promotion or campaign so that it does not remain active indefinitely. 
  
  Related Information: 
  The effective date field is related to other fields in SAP CRM-MKT Marketing such as start date and end date. These fields are used to control when a particular activity will begin and end. Additionally, the effective date field is related to other fields such as discount amount and discount percentage which are used to control how much of a discount customers will receive.