Product Terminology

Question 1

True or False: Product, Price Book and Price Book Entry must be active for products to display on the Product Selection Screen.

1. True
2. False

Answer 1

1. True

Question 2

Non-Blank Value field that designates a product is sold in batches. When a quantity is entered in a quote for a product that quantity is divided by this non-blank value and rounded to the nearest integer. What is the field?

Answer 2

Batch Quantity

Question 3

This field allows you to select if a product will be invoiced: Monthly, Quarterly, Semi-Annually or Annually. What is the field?

Answer 3

Billing Frequency

Question 4

This field allows you to define if billing occurs in Advance or Arrears. What is the field?

Answer 4

Billing Type

Question 5

This field allows you to calculate prices in blocks based on quantities. What is the field

Answer 5

Block Pricing

Question 6

What are the OOTB charge types?

Answer 6

One Time
Recurring
Usage

Question 7

True or False: Marking a product as a component will include the product in selection in product look up.

Answer 7

False. Marking a product as a component will exclude it from the selection in product lookup.

Question 8

True or False: Renewable Subscriptions will transfer
to Renewal Quotes. One-time
Subscriptions will not.

Answer 8

True

Question 9

You can apply a Term Discount at which levels?

Answer 9

Line
Group
Quote

Question 10

What fields need to be populated to set up a Percent of Total (POT) for a subscription product?

Answer 10

Subscription Pricing: Percent of Total
Percent of Total (%)
Percent of Total Category

Question 11

True or False: Changing Option Selection method from ‘Click’ to ‘Add’ on the bundle product displays options with check boxes beside them.

Answer 11

False: Changing Option Selection method from ‘Click’ to ‘Add’ on the bundle product collapses
options and allows for an ‘Add’ link to expand

Question 12

True or False: The ‘Apply Immediately’ will trigger rules to run after selection

Answer 12

True

Question 13

True or False: The ‘Quote Line Visibility’ controls which options can show up Contract Record.

Answer 13

False. The ‘Quote Line Visibility’ controls which options can show up on the Quote Document

Question 14

True or False: The ‘Bundled’ checkbox will show List Price as “Included” and Net Price as $0

Answer 14

True

Question 15

To assign a bundle a dynamic SKU you need to complete what fields?

Answer 15

Configured Code Pattern on the Bundle: format = “ -{10} - {20} - {30}”

Component Code on the Component Product
Component Code Position on the Component Product