A company sells medical devices. They have a pricing model where the price is determined by a complex formula that includes the cost, a regional multiplier, and a regulatory fee. This formula is unique to their industry and cannot be represented by standard pricing methods. The admin needs to configure the product pricing. What should the admin do?

Use Custom pricing method and write a custom pricing script

Use Cost pricing method and add the regulatory fee as a cost

Use Bundle pricing method and create a bundle with the fee as a component

Use List Price pricing method and manually calculate the price for each quote

A company sells both hardware and software. For hardware, they use a cost-plus pricing model. For software, they use a list price model with volume discounts. The admin needs to configure the products in Salesforce CPQ. What is the best approach?

Set all products to Cost pricing and use discount schedules for software

Set all products to List Price and manually adjust hardware prices

Set all products to Custom pricing and write a script to handle both models

Set hardware products to Cost pricing and software products to List Price

SalesforceCertified CPQ Administrator

Domain 3Objective 1

Given a Customer's Pricing Model for a Product, Determine the Appropriate Pricing Method. CPQ-ADMINISTRATOR Practice Questions (Page 2)

Part of the PRICING AND DISCOUNTS domain, which accounts for 39% of the CPQ-ADMINISTRATOR exam.

9questions here

2free pages

3concepts

39%of the exam

Questions 6–9

6application · medium
A company sells medical devices. They have a pricing model where the price is determined by a complex formula that includes the cost, a regional multiplier, and a regulatory fee. This formula is unique to their industry and cannot be represented by standard pricing methods. The admin needs to configure the product pricing. What should the admin do?
Select an answer first
7application · medium
A company sells custom machinery. Each machine is priced individually based on a detailed quote that includes materials, labor, and a profit margin. The price is not based on a standard list or a simple cost markup. Which pricing model does this represent?
Select an answer first
8foundation · easy
A customer says they always sell their products at the price printed in their official catalog, with no adjustments. Which pricing model does this customer use?
Select an answer first
9expert · medium
A company sells both hardware and software. For hardware, they use a cost-plus pricing model. For software, they use a list price model with volume discounts. The admin needs to configure the products in Salesforce CPQ. What is the best approach?
Select an answer first

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Given a Customer's Pricing Model for a Product, Determine the Appropriate Pricing Method. CPQ-ADMINISTRATOR Practice Questions (Page 2)

Questions 6–9

A company sells custom machinery. Each machine is priced individually based on a detailed quote that includes materials, labor, and a profit margin. The price is not based on a standard list or a simple cost markup. Which pricing model does this represent?

A customer says they always sell their products at the price printed in their official catalog, with no adjustments. Which pricing model does this customer use?

A company sells both hardware and software. For hardware, they use a cost-plus pricing model. For software, they use a list price model with volume discounts. The admin needs to configure the products in Salesforce CPQ. What is the best approach?

Keep studying — PRICING AND DISCOUNTS