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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
Suggested Answer: A, C
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14 comments · newest first
CA
Carman
12 months ago
Uplift for Product Family X is 3%, Y is 10%.
AN
Annelle
12 months ago
Wait, can you really set uplift rates on the Account? Sounds off.
AS
Ashton
12 months ago
A is a must, but B seems more effective.
MA
Maynard
1 year ago
I think C could work too, but not sure.
AL
Alona
1 year ago
Definitely A and B for sure!
GA
Galen
1 year 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.
TA
Tammara
1 year 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.
EM
Emerson
1 year ago
I'm not entirely sure, but I remember something about setting the Renewal Pricing method on the Contract. It might be option B?
AN
Andra
1 year 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.
JE
Jerlene
1 year 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.
GE
Gene
1 year 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...
TR
Trina
1 year 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.
SH
Shawn
1 year 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.
MI
Mira
1 year 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.