A Price List is one component in the Pricing Model used to price an item on a sales orders. Basic information includes the price list name, effective dates, currency, pricing controls, rounding factor and shipping defaults such as freight terms and freight carrier.
Price lists can have
a) Prices for specific product and services
b) Prices as absolute values, percents of other prices, or as formulas
c) Prices as applicable to the entire organization or to one operating unit
d) Negative prices
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