What setting causes 'Product Family' to be displayed on the Forecast tab?

Enabling both revenue and quantity scheduling.

The  price assigned to a price book entry in a Custom Price Book is referred as the:

1. Custom price
2. Standard price
3. List price

3. List Price

Every product must have an entry in a Custom Price book.

True or false?

False.

Every product must have an entry in the Standard Price book, and may optionally have entries in Custom Price books.

Put the steps for managing Products and Price Books in the correct order:

1. Define the standard price - mark as active
2. Optional - create custom price book
3. Set the List Price
4. Create Products

1. Create Products
2. Define the standard price - mark as active
3. Optional - create custom price book
4. Set the List Price

What are the possible access rights for Price Books as they appear in the org-wide defaults?

Select three:

• Private
• View
• Public Read Only
• Use
• No acess
• Controlled by Parent

• View
• Use
• No acess

What rights does the OWD  setting 'View' on Price books grant users?

It enables them to view and report on Price Books.

Users with view permission cannot add price books to Opportunities.

How do you grant specific users access to a price book?

Go to the Price Book record and manually share it with selected users or roles.

Who can add Price Books to Opportunities?

1. Users with Edit on Opportunities
2. Users who have been granted Use access to the Price Book

Which of the following statements are true?

Default schedules should be used if:

Both are true.

What is an example of a business the uses a Quantity Schedule?

Magazine sales.

The customer pays all at once, but receives their product in increments.

What is an example of a business that uses a revenue schedule?

Car sales.

The customer receives the prodct all at once, but makes regular payments.

What is an example of a business that uses Revene AND Quantity scheduling?

Wine of the month.

Customer received what they order on a delivery schedule, and pay for what they order on a payment schedule.

What is an Asset?

The Asset related let can be added to which Objects:

• Accounts
• Contacts
• Cases
• Solutions
• Products

• Accounts
• Contacts
• Cases
• Solutions
• Products

Note you can add an Asset Lookup field to the Case page layout.