SVC-17A Vlocity CPQ and Pricing

Question 1

What does CPQ stand for in Salesforce Vlocity?

Accepted Answer

Configure, Price, Quote

Answer

Create, Publish, Qualify

Answer

Customer, Product, Quoting

Answer

Configure, Prepare, Quantify

Question 2

What is a 'Product' in Vlocity CPQ?

Accepted Answer

A Salesforce record representing a good or service that can be sold

Answer

A Vlocity DataRaptor definition

Answer

A pricing calculation rule

Answer

A FlexCard UI component

Question 3

What is a 'Bundle' in Vlocity CPQ?

Accepted Answer

A parent product containing required or optional child product components

Answer

A grouped set of pricing rules

Answer

A collection of FlexCards for the quote UI

Answer

A deployment package of CPQ metadata

Question 4

What is a 'Price List' in Vlocity CPQ?

Accepted Answer

A set of product prices applicable to specific customers or segments

Answer

A complete product catalog listing all products

Answer

A table of available discount tiers

Answer

A contract pricing template

Question 5

What is a 'Discount Schedule' in Vlocity CPQ?

Accepted Answer

A tiered discount structure applied based on quantity or revenue thresholds

Answer

A payment installment schedule

Answer

A product release and availability timeline

Answer

A contractual milestone schedule

Question 6

What is a 'Product Attribute' in Vlocity CPQ?

Accepted Answer

A configurable characteristic of a product that defines its variants and can affect pricing

Answer

A product category tag for filtering

Answer

A standard Salesforce field on the Product2 object

Answer

A formula used in price calculations