Bundle pricing - Study guides, Class notes & Summaries

Value - ANSWER Perceived Benefits/Price Value Pricing - ANSWER The practice of simultaneously increasing product and service benefits and maintaining or decreasing price Costs - ANSWER Psychological Temporal Monetary Psychological Costs - ANSWER Mental Energy and stress involved in making purchases and accepting product risks Temporal Costs - ANSWER Time spent purchasing products and services Monetary Costs - ANSWER Money spent to receive products and services Benefits - ANSW...

test esb 4 Question and answers rated A+ 2024 Prices that target customers looking to save as much money as possible. - correct answer Economy Pricing .Pair several products together and selling them for less money than each would be individually. - correct answer Bundle Pricing Setting prices low until after a reliable customer base is established, then raising prices. - correct answer Market Penetration Setting high prices when a product is introduced and then gradually lowering...

BUS 312 Chapter 11 Practice Test Questions With 100% Correct Answers Market skimming prices are preferred in all of the following conditions except __________. - answeran initial low price is set by the companies Market penetration prices are preferred in all of the following conditions except __________. - answerenough buyers must want the product at a higher price One major objective associated with a market-penetration pricing strategy is to ________. - answerwin a large market share ...

Product Options Individual products that users can select from when configuring a bundle. Multi-Lingual Considerations You can install Salesforce CPQ in a multi-lingual instance, but the components are available only in English. Feature A group of product options within a bundle. You can use the Min Options and Max Options fields to define selection restrictions for objects in the same feature, such as "pick one or more" or "pick 3 of 5." Configurator Evaluation Event...

Quote Stores all of the details of the products and prices quoted for an opportunity. Just like opportunities have many product line items, quotes have many quote line items. An opportunity can have many quotes that you can view from a Quotes related list on an Opportunity page layout. User Profile Allows proper permissions and provisioning of SteelBrick CPQ licenses to the appropriate users. Not every Salesforce user has to be a SteelBrick CPQ user, but all SteelBrick CPQ users must be...

How does the package identify whether a Product is one-time or Subscription If the subscription pricing method field has a value, it is a subscription product If I want to get a custom field value from my product onto my output document, on which object will I need to create the corresponding twin field? Quote Line Definition: Product Options: Additional products in the bundle that contribute to the bundle's package price. They can be associated with product Features and define...

Product Feature a group of product options within a bundle. Use if you want to organize options into set groups, such as hardware and software. Product Options individual products that users can select from when configuring a bundle. Product Bundle A product with optional features or components that you want to include on a single quote line. Batch Quantity This allows you to price products by lots or bunches, such as $10 for every 32 units. This pricing method recalcula...

Trademark Definition correct answers a name, symbol, or other device identifying a product. What do trademarks do? correct answers These marks give owner exclusionary rights and allow them to control usage of a particular mark What does filing with the USPTO give you? correct answers National protection Besides filing the TM, what is the other way of registering it? correct answers Using it in commerce--common law applies to wherever you use the mark. What is a copyright? correct ans...

Principles of Marketing Questions and Answers Graded A+ Which of the following is included in a broad definition of marketing? Creating customer value, building customer relationships, and engaging customers The first step of the marketing process is to Understand the marketplace, which includes customer needs and wants Which of the following correctly identifies the five core customer and marketplace concept? Needs, wants, and demands; market offerings; value and satisfaction; exchanges and r...

The CPQ Admin wants to ensure that within one bundle, Products A and B cannot both be added to the quote. During configuration, the user should be able to freely switch between these options. If a user selects both, the system should only add Product A to the quote rather than Product B. Which setup should the Admin use to meet these requirements? A. A Product Validation Rule where two Error Conditions with Summary Variables test if Product A and B are both selected. If so, a message will d...