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Salesforce CPQ-301 Exam - Topic 5 Question 12 Discussion

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
A) Fill in the Appropriate Renewal Uplift Rate on each Subscription record. and C) Set the Renewal Pricing Method on the Account to Uplift.
B) Set the Renewal Pricing method on the Contract to Uplift
D) Fill in the appropriate Renewal Uplift Rate on each Quote Line record

Salesforce CPQ-301 Exam - Topic 5 Question 12 Discussion

Actual exam question for Salesforce's CPQ-301 exam
Question #: 12
Topic #: 5
[All CPQ-301 Questions]

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

Show Suggested Answer Hide Answer
Suggested Answer: A, C

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

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Carman
10 months ago
Uplift for Product Family X is 3%, Y is 10%.
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Annelle
10 months ago
Wait, can you really set uplift rates on the Account? Sounds off.
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Ashton
10 months ago
A is a must, but B seems more effective.
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Maynard
11 months ago
I think C could work too, but not sure.
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Alona
11 months ago
Definitely A and B for sure!
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Galen
11 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
11 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
11 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
11 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
11 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
11 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
11 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
11 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
11 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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