What is pricing aspect in SAP LO-AGR-CC - Commodity Contracts, Expenses, Basic Functions?

SAP Term: pricing aspect

• Component: LO-AGR-CC

• Component Name: Commodity Contracts, Expenses, Basic Functions

• Description: A type of pricing that indicates the group of pricing conditions that are allowed for the price as well as the behavior of the pricing. They are assigned at a commodity item level. There may be multiple pricing aspects for a given commodity item.

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• Key Concepts: 
  Pricing aspect is a component of the LO-AGR-CC Commodity Contracts, Expenses, Basic Functions module in SAP. It is used to define the pricing conditions for a contract and to determine the price of a contract item. It also allows users to define different pricing conditions for different contract items. 
  
  How to use it: 
  The pricing aspect component can be used to define the pricing conditions for a contract. This includes setting up the pricing type, currency, and unit of measure. It also allows users to define different pricing conditions for different contract items. Once the pricing conditions are set up, the system will automatically calculate the price of each contract item based on the defined conditions. 
  
  Tips & Tricks: 
  When setting up the pricing conditions for a contract, it is important to ensure that all relevant information is included. This includes the currency, unit of measure, and any discounts or surcharges that may apply. Additionally, it is important to ensure that all pricing conditions are consistent across all contract items. 
  
  Related Information: 
  For more information on how to use the pricing aspect component in SAP, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials and step-by-step instructions on how to use this component.