What is the primary purpose of price groups in Dynamics 365 Supply Chain Management?

To group customers for reporting purposes

To define the physical storage locations of inventory

To categorize items for pricing and discount management

To determine the costing method for items

A company wants to streamline the creation of purchase and sales trade agreements by setting default prices for items. They have many items and want to avoid manually entering prices for each trade agreement. What should they configure?

Set default purchase and sales prices on the released product, and use these as the basis for trade agreement prices.

Create a price group for each item and assign default prices to the price groups.

Set up a price calculation rule that automatically generates prices for all items.

Use the 'Trade agreement' journal to copy prices from a previous period.

A company wants to set default purchase and sales prices for a new item. They want these prices to be used as a starting point when creating trade agreements. Where should they set these default prices?

On the item's price group, as the default price for that group.

In the costing version, as the default cost for the item.

In the trade agreement journal, as a default line for the item.

On the Released product details form, in the 'Sell' and 'Purchase' FastTabs.

Fabrikam Inc. uses standard costing. The cost accountant has just received approved cost data for the next fiscal year. The current costing version is set to 'Active' and contains costs that are no longer accurate. The accountant needs to update the standard costs for all items without losing the ability to trace historical cost changes. What is the recommended approach?

Edit the active costing version directly and change each item's cost.

Delete the old costing version and recreate it with the new costs.

Change the costing version type to 'Standard cost' and then update the costs.

Create a new costing version for the upcoming year, enter the new costs, and activate it after approval.

Microsoft Certified:Dynamics 365 Supply Chain Management Functional Consultant Associate

Domain 1Objective 4

Manage Inventory Pricing and Costing MB-330 Practice Questions (Page 2)

Part of the Implement product information management domain, which accounts for 25–30% of the MB-330 exam. Microsoft does not publish an official question count, but from its 100-minute exam (~40–65 total, ~10–20 in this domain), expect 3–5 from this objective — we provide 34 practice questions to prepare you well beyond it. (estimate)

34questions here

7free pages

8concepts

25–30%of the exam

Questions 6–10

6foundation · easy
When setting up a sales price trade agreement, which field determines whether the price applies to a specific customer, a customer group, or all customers?
Select an answer first
7foundation · easy
What is the primary purpose of price groups in Dynamics 365 Supply Chain Management?
Select an answer first
8application · medium
A company wants to streamline the creation of purchase and sales trade agreements by setting default prices for items. They have many items and want to avoid manually entering prices for each trade agreement. What should they configure?
Select an answer first
9application · medium
A company wants to set default purchase and sales prices for a new item. They want these prices to be used as a starting point when creating trade agreements. Where should they set these default prices?
Select an answer first
10application · medium
Fabrikam Inc. uses standard costing. The cost accountant has just received approved cost data for the next fiscal year. The current costing version is set to 'Active' and contains costs that are no longer accurate. The accountant needs to update the standard costs for all items without losing the ability to trace historical cost changes. What is the recommended approach?
Select an answer first

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Manage Inventory Pricing and Costing MB-330 Practice Questions (Page 2)

Questions 6–10

When setting up a sales price trade agreement, which field determines whether the price applies to a specific customer, a customer group, or all customers?

What is the primary purpose of price groups in Dynamics 365 Supply Chain Management?

A company wants to streamline the creation of purchase and sales trade agreements by setting default prices for items. They have many items and want to avoid manually entering prices for each trade agreement. What should they configure?

A company wants to set default purchase and sales prices for a new item. They want these prices to be used as a starting point when creating trade agreements. Where should they set these default prices?

Keep studying — Implement product information management