SVC-17A Vlocity CPQ and Pricing

Question 1

What does CPQ stand for in Salesforce Vlocity?

Accepted Answer

Configure, Price, Quote

Answer

CPQ stands for Configure, Price, Quote—describing the three core steps of selecting, pricing, and generating sales quotes for products.

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 Product in Vlocity CPQ is a Salesforce record representing a saleable good or service that can be configured, priced, and quoted.

Question 3

What is a 'Bundle' in Vlocity CPQ?

Accepted Answer

A parent product containing required or optional child product components

Answer

A Bundle in Vlocity CPQ is a parent product that contains required or optional child product components that are selected together.

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 Price List in Vlocity CPQ defines a set of product prices applicable to specific customer segments, geographies, or sales channels.

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 Discount Schedule defines tiered pricing reductions that apply when the order quantity or revenue meets specified thresholds.

SVC-17A - Salesforce Vlocity Certified Practice Test