Salesforce CPQ-301 Exam - Topic 5 Question 12 Discussion

Actual exam question for Salesforce's CPQ-301 exam

Question #: 12
Topic #: 5

Universal Containers has a number of Contracts that are due to expire next month. Sales wants to uplift the products of Product Family X by 3%, and the products of Product ramify Y by 10% upon renewal.

Which two action should the admin take to ensure CPQ applies the correct price uplift?

Choose 2 answers

AFill in the Appropriate Renewal Uplift Rate on each Subscription record.

BSet the Renewal Pricing method on the Contract to Uplift

CSet the Renewal Pricing Method on the Account to Uplift.

DFill in the appropriate Renewal Uplift Rate on each Quote Line record

Show Suggested Answer

Suggested Answer: A, C

by Mona at Jul 25, 2022, 07:31 AM

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Carman

4 months ago

Uplift for Product Family X is 3%, Y is 10%.

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Annelle

4 months ago

Wait, can you really set uplift rates on the Account? Sounds off.

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Ashton

4 months ago

A is a must, but B seems more effective.

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Maynard

4 months ago

I think C could work too, but not sure.

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Alona

4 months ago

Definitely A and B for sure!

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Galen

5 months ago

I thought the Renewal Pricing Method on the Account was important as well. Could it be option C? I need to double-check my notes on that.

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Tammara

5 months ago

I feel like we practiced a similar question where we had to set the uplift rates. I think option D could be relevant too, but I’m not completely confident.

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Emerson

5 months ago

I'm not entirely sure, but I remember something about setting the Renewal Pricing method on the Contract. It might be option B?

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Andra

5 months ago

I think we need to fill in the appropriate Renewal Uplift Rate on each Subscription record. That seems to be a common practice for managing renewals.

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Jerlene

5 months ago

I'm pretty sure the answer is B, change initiatives. The question mentions the "governance provided by a P3O", and I know a P3O (Project, Programme and Portfolio Office) is responsible for overseeing change initiatives.

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Gene

5 months ago

Okay, let's think this through. Flexibility helps manage business-environment-related risk, regular feedback addresses expectations-related risk, and team ownership impacts estimation-related risk. I wonder which one doesn't fit...

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Trina

5 months ago

I'm a bit confused by the Pr>|t| values. Do those indicate collinearity as well? I'll need to double-check the interpretation of those metrics.

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Shawn

5 months ago

I'm not entirely sure, but isn't there a concern with combining service inventories due to trust boundaries? That sounds like option C, but it seems risky.

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Mira

5 months ago

Based on that practice question we did last week, I remember internal auditors don't actually prepare the financial accounts like A states, but they do support external auditors.

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