What is 'pricing type' in SAP SD - Sales and Distribution?

pricing type - Overview

• Component: SD

• Component Name: Sales and Distribution

• Description: An indicator that controls whether pricing must be performed again when copying a document or whether the prices are to be transferred unchanged.

pricing type - Details

• 
  Key Concepts: 
  Pricing type is a feature in SAP Sales and Distribution (SD) that allows users to define different pricing conditions for different customers. It is used to determine the price of a product or service based on the customer’s requirements. The pricing type can be set up for each customer and can be changed at any time. 
  
  How to use it: 
  In SAP SD, pricing type is set up in the customer master record. To set up a pricing type, go to the Sales and Distribution tab in the customer master record and select “Pricing Type” from the drop-down menu. From there, you can select the appropriate pricing type for the customer. 
  
  Tips & Tricks: 
  When setting up a pricing type, it is important to consider the customer’s needs and requirements. For example, if a customer requires a discount for bulk orders, you should select a pricing type that allows for discounts. Additionally, it is important to keep track of any changes made to the pricing type as this could affect the customer’s invoice. 
  
  Related Information: 
  For more information on setting up pricing types in SAP SD, please refer to the SAP Help Portal or contact your local SAP consultant.