What is entitled product in SAP SRD-CRM-ORD - CRM-Orders & Contracts?

SAP Term: entitled product

• Component: SRD-CRM-ORD

• Component Name: CRM-Orders & Contracts

• Description: A product or products that break down, or detail, an entitlement product.

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• Key Concepts: 
  Entitled product is a term used in SAP CRM-Orders & Contracts component. It refers to a product that has been approved for sale or purchase by a customer or supplier. This approval is usually based on the customer's or supplier's contractual agreement with the company. 
  
  How to use it: 
  In SAP CRM-Orders & Contracts, entitled products are used to define the products that can be sold or purchased by a customer or supplier. This is done by creating an entitled product list for each customer or supplier. The list contains all the products that are approved for sale or purchase by the customer or supplier. 
  
  Tips & Tricks: 
  When creating an entitled product list, it is important to ensure that all the products listed are approved for sale or purchase by the customer or supplier. This will help to ensure that only approved products are sold or purchased. 
  
  Related Information: 
  Entitled product lists can be used in conjunction with other features of SAP CRM-Orders & Contracts, such as pricing rules and discounts, to ensure that customers and suppliers receive the best possible deals on their purchases and sales.