What is premium in SAP FS-QUO - SAP Quotation Management?

SAP Term: premium

• Component: FS-QUO

• Component Name: SAP Quotation Management

• Description: The price of insurance protection for a specified risk for a specified period of time.

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• Key Concepts: 
  Premium is a term used in SAP Quotation Management (FS-QUO) to refer to the additional cost associated with a product or service. This cost is usually in addition to the base price of the product or service and is used to cover additional costs such as taxes, shipping, or other fees. 
  
  How to use it: 
  Premiums can be added to a quotation in SAP Quotation Management (FS-QUO) by selecting the “Add Premium” option from the quotation menu. This will open a window where you can enter the premium amount and any additional information related to the premium. Once you have entered all of the necessary information, click “Save” to add the premium to the quotation. 
  
  Tips & Tricks: 
  When adding premiums to a quotation in SAP Quotation Management (FS-QUO), it is important to make sure that all of the necessary information is entered correctly. This includes the premium amount, any additional information related to the premium, and any taxes or fees associated with the premium. 
  
  Related Information: 
  For more information on premiums in SAP Quotation Management (FS-QUO), please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_QUOTATION_MANAGEMENT/FS-QUO/en-US.