What is list price in SAP SBO - SAP Business One?

SAP Term: list price

• Component: SBO

• Component Name: SAP Business One

• Description: The sale value of an item published by the supplier. Retailers may decide to reduce this basic price by offering a discount to buyers.

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• Key Concepts: 
  List price is a term used in SAP Business One (SBO) to refer to the price of a product or service that is listed in the system. It is the price that customers will pay for the item, and it is usually set by the company. The list price can be changed at any time, depending on the company's needs.
  
  How to use it: 
  In SAP Business One, list prices are used to set the prices of products and services. To set a list price, go to the “Products” tab in SBO and select the product or service you want to set a list price for. Then, enter the desired list price in the “List Price” field. Once you have entered the list price, click “Save” to save your changes.
  
  Tips & Tricks: 
  When setting list prices in SAP Business One, it is important to keep in mind that these prices can be changed at any time. Therefore, it is important to regularly review and update list prices as needed. Additionally, it is important to consider customer demand when setting list prices, as this can help ensure that customers are willing to pay the listed price for your products or services.
  
  Related Information: 
  For more information on setting list prices in SAP Business One, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_BUSINESSONE/9.3/en-US/f8d7f2b6a7c14e8a9f3d2b5f1e4d7c2a.html