SVC-17A Vlocity CPQ and Pricing 2

Question 1

What is an 'Attribute Rule' in Vlocity CPQ?

Accepted Answer

A constraint controlling valid values or combinations of product attributes

Answer

A pricing adjustment formula based on attributes

Answer

A workflow rule triggered by product attribute changes

Answer

A validation rule on the Quote object

Question 2

What is a 'Quote Line Item' in Vlocity CPQ?

Accepted Answer

A product added to a quote with its configuration, quantity, and pricing

Answer

A section of a PDF quote document

Answer

A pricing rule applied per line

Answer

A product attribute entry

Question 3

What is 'Guided Selling' in Vlocity CPQ?

Accepted Answer

A step-by-step process that helps sales reps select the right products for customers

Answer

An automated pricing engine that applies rules without rep input

Answer

A contract lifecycle management workflow

Answer

A product recommendation machine learning API

Question 4

What is a 'Price Rule' in Vlocity CPQ?

Accepted Answer

A condition-based rule that adjusts prices based on quote or product attribute values

Answer

A fixed list of prices for specific products

Answer

A discount approval workflow for managers

Answer

A product constraint preventing invalid selections

Question 5

What is a 'Contract' in Vlocity CPQ?

Accepted Answer

A legally binding agreement capturing the terms, products, and pricing of a finalized sale

Answer

A product bundle definition

Answer

A pricing template for recurring customers

Answer

A versioned draft of a quote

Question 6

What is 'Order Management' in Vlocity CPQ?

Accepted Answer

The process of converting an approved quote into a customer order and managing fulfillment

Answer

The management of supplier purchase orders

Answer

A financial accounting and invoicing module

Answer

A returns and refund processing system