What is product category in SAP FS-AM-PR-PR - Financial Condition?

SAP Term: product category

• Component: FS-AM-PR-PR

• Component Name: Financial Condition

• Description: A description framework for characterizing products in the system. A product category consists of attributes that are structured in the attribute hierarchy. Product categories are predefined in the system and have a basic quantity of attributes that restrict the description options. Customers have the option of defining their own attributes and assigning these to the product-specific attribute hierarchy, in order to extend the description options. The characteristic values of the attributes of the product category form an actual product.

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• Key Concepts: 
  Product category is a term used in SAP Financial Condition Analysis (FS-AM-PR-PR) to refer to a group of products that have similar characteristics. It is used to classify products and services for financial analysis purposes. Product categories can be used to compare different products and services, as well as to identify trends in the market. 
  
  How to use it: 
  In SAP Financial Condition Analysis, product categories are used to classify products and services for financial analysis purposes. The product categories are defined by the user and can be used to compare different products and services, as well as to identify trends in the market. 
  
  Tips & Tricks: 
  When creating product categories, it is important to consider the characteristics of the products and services that will be included in each category. This will help ensure that the categories are meaningful and useful for financial analysis purposes. 
  
  Related Information: 
  For more information on product categories in SAP Financial Condition Analysis, please refer to the SAP Help documentation.