What is pricing criterion in SAP FS-MCM - Master Contract Management?

SAP Term: pricing criterion

• Component: FS-MCM

• Component Name: Master Contract Management

• Description: An attribute whose characteristic value can be used in the product pricing list to derive preferred prices. The following pricing criteria are possible: Product, business partner role, benefit criterion, and benefit level.

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• Key Concepts: 
  Pricing criterion is a feature of the FS-MCM Master Contract Management component of SAP. It is used to define the pricing conditions for a contract, such as discounts, surcharges, and taxes. It also allows users to set up different pricing conditions for different customers or products. 
  
  How to use it: 
  To use the pricing criterion feature, users must first create a pricing condition record in the system. This record contains all the necessary information about the pricing conditions, such as discounts, surcharges, and taxes. Once this record is created, it can be assigned to a contract or product. 
  
  Tips & Tricks: 
  When creating a pricing condition record, it is important to make sure that all the necessary information is included. This will ensure that the pricing conditions are applied correctly and that customers are charged the correct amount. 
  
  Related Information: 
  The pricing criterion feature is closely related to other features of FS-MCM Master Contract Management, such as contract terms and conditions and billing plans. It is important to understand how these features work together in order to get the most out of the system.