CPQ Academy Quiz (Session 4)
CPQ Academy Quiz: Session 4
Test your knowledge on Configure, Price, Quote (CPQ) strategies and best practices with our CPQ Academy Quiz. This quiz consists of 11 carefully selected questions designed to challenge your understanding of pricing models, product configurations, and price rules.
Prepare yourself by reviewing key concepts and enhance your skills! Here are some quiz highlights:
- Multiple choice and checkbox questions
- Engaging and informative content
- Assess your knowledge and readiness
A Company requires the ability for Sales Reps to be able to use a ramped pricing strategy, but by default the pricing should not be ramped. Which is the appropriate setting on the Product to accomplish this?
Set the Default Pricing Table to Segmented & create a Pricing Dimension on the Product.
Set the Default Pricing Table to Segmented.
Set the Default Pricing Table to Standard.
Set the Default Pricing Table to Standard & create a Pricing Dimension on the Product.
A Company sell a monthly subscription service that is offered to their clients with a ramp option. This Subscription is priced with a setup fee, an installation fee, and a recurring fee. Which set of actions would meet these requirements?
Create three products to represent the setup fee, the installation fee and monthly fee, each with a monthly price dimension, and combine them into a bundle.
Create a single product with 3 monthly price dimensions.
Create a single product with 2 one-time price dimensions & 1 monthly price dimension.
Create a single product with 2 monthly price dimensions & 1 one-time price dimension.
True or False, MDQ can be done on bundle parent products
True
False
A Company sells a monthly subscription service with tiered pricing. Which pricing method should the admin select for this service?
Block
List
Tiered
Segmented
Usage will only count in a Usage summary if both share the same following Values:
Matching Id
Matching Attribute
Quantity
Scale
Which Object do we setup the usage based pricing?
Consumption schedule
Usage
Consumption Rate
Price Book
A company is planning to apply an extra discount of 15% to the Quote under the following condition
- When Payment Frequency is either monthly or bi-Weekly.
- When Product A is added or User Count greater than 25 is defined.
Which of the following is a valid Price Rule Setup
One Price Rule with Conditions Met set to Custom, three Price Conditions and One Price Action
One Price Rule with Conditions Met set to All, four Price Conditions and One Price Action
Two Price Rules with Conditions Met set to All, one Price Condition each and One Price Action each
Four Price Rules with Conditions Met set to All, one Price Condition each and One Price Action each
Price Conditions can be used/applied on which objects? (Select 2)
Order
Quote Line
Summary Variable
Product
A company wants to calculate the net amount of all hardware products on a quote. For this purpose, the Admin creates a price rule injecting the result of a summary variable into a quote field. Which picklist value(s) from the Calculator Evaluation Event field should be selected for this price rule?
Before Calculate and On Calculate
After Calculate
On Calculate
On Calculate and After Calculate
True or False, the Order field on Price Action object is used when your price rule has multiple actions and the higher numbers are applied first
True
False
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