What is relationship type in SAP SRD-MD-BP - FDN-Business Partner?

SAP Term: relationship type

• Component: SRD-MD-BP

• Component Name: FDN-Business Partner

• Description: A type of business relationship that a business partner has with another organization or individual either within or external to your organization, for example, a contact or supplier.

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• Key Concepts: 
  Relationship type is a component of the SAP Business Partner (BP) Foundation. It is used to define the type of relationship between two business partners. This relationship type can be used to determine the roles and responsibilities of each partner in a business relationship. For example, a customer-supplier relationship type would define the roles of customer and supplier in a business transaction. 
  
  How to use it: 
  The relationship type component of the SAP Business Partner Foundation can be used to define the roles and responsibilities of each partner in a business relationship. This can be done by creating a new relationship type or by selecting an existing one from the list of available types. Once the relationship type has been selected, it can be assigned to two business partners to define their roles in the relationship. 
  
  Tips & Tricks: 
  When creating a new relationship type, it is important to consider all aspects of the business relationship that need to be defined. This includes any legal or contractual obligations that may exist between the two partners, as well as any other relevant information that needs to be taken into account. 
  
  Related Information: 
  For more information on how to use the SAP Business Partner Foundation, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials and examples on how to use this component of SAP software.