What is base value in SAP IS-OIL-DS-MAP - Marketing, Accounting and Pricing?

SAP Term: base value

• Component: IS-OIL-DS-MAP

• Component Name: Marketing, Accounting and Pricing

• Description: A value of a commodity that is determinated in order to calculate prices on the basis of an assumed, long-term rate. This is a planned value. The fixed value is usually the average or standard price of a commodity that was previously used for trading.

Smart SAP Assistant

• Key Concepts: 
  Base value is a term used in the IS-OIL-DS-MAP Marketing, Accounting and Pricing component of SAP software. It is a reference value used to calculate the price of a product or service. It is typically based on the cost of production, market conditions, and other factors. 
  
  How to use it: 
  The base value is used to determine the price of a product or service. It is calculated by taking into account the cost of production, market conditions, and other factors. The base value can then be adjusted to reflect any discounts or promotions that may be offered. 
  
  Tips & Tricks: 
  When setting the base value for a product or service, it is important to consider all relevant factors such as cost of production, market conditions, and other factors. This will ensure that the base value accurately reflects the true cost of the product or service. 
  
  Related Information: 
  The base value is an important concept in pricing and marketing. It is also related to other concepts such as discounts and promotions. Understanding how to set an accurate base value can help businesses maximize their profits and ensure they are offering competitive prices.