What is live rates territory in SAP CRM-MKT - Marketing?

SAP Term: live rates territory

• Component: CRM-MKT

• Component Name: Marketing

• Description: A territory relevant for live rates planning based on account hierarchy node and product category attributes.

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• Key Concepts: 
  Live rates territory is a feature of the SAP CRM-MKT Marketing component that allows users to set up different pricing for different territories. This feature allows users to set up different prices for different countries, regions, or even individual customers. This helps businesses to better manage their pricing strategies and maximize their profits. 
  
  How to use it: 
  To use the live rates territory feature, users must first create a pricing condition record for each territory. This record will contain the pricing information for that particular territory. Once the records are created, users can then assign them to the relevant territories in the system. This will ensure that the correct pricing is applied when customers from those territories make purchases. 
  
  Tips & Tricks: 
  When setting up live rates territory, it is important to ensure that all of the pricing information is accurate and up-to-date. This will help to ensure that customers are not overcharged or undercharged for their purchases. Additionally, it is important to regularly review and update the pricing information in order to keep up with changing market conditions. 
  
  Related Information: 
  For more information on how to use the live rates territory feature in SAP CRM-MKT Marketing, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks on how to best utilize this feature.