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CPQ Academy Quiz (Session 4)

An educational image depicting a sales representative analyzing pricing strategies with digital tools in a modern office environment, incorporating elements of technology, charts, and collaborative teamwork.

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

11 Questions3 MinutesCreated by CalculatingExpert42

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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