Vlocity CPQ and Pricing Flashcards
6 cards from real SVC-17A practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
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What is a 'Product Rule' in Vlocity CPQ?
Answer: A rule that enforces product configuration constraints such as required inclusions or exclusions
Product Rules in CPQ enforce configuration constraints by automatically including, excluding, or validating products based on what else is selected.
What is the role of a 'Price Book' in Salesforce CPQ?
Answer: A catalog of products with their standard prices available for quoting
A Price Book in Salesforce CPQ is a catalog of products and their standard prices that determines which products are available for a given quote.
What is 'Revenue Recognition' in the context of Vlocity CPQ?
Answer: The process of recording revenue at the correct time based on contract delivery terms
Revenue Recognition in Vlocity CPQ tracks when and how revenue from contracts should be recorded based on delivery milestones or time periods.
What is a 'Subscription' product type in Vlocity CPQ?
Answer: A recurring product billed at a defined frequency for a set contract term
Subscription products in Vlocity CPQ are recurring offerings billed at a specified frequency such as monthly or annually for a defined contract term.
What does 'Asset-Based Ordering' (ABO) enable in Vlocity CPQ?
Answer: Customers to modify, renew, or cancel existing purchased products tracked as assets
Asset-Based Ordering allows customers to amend, renew, suspend, or cancel existing purchased products that are tracked as Salesforce assets.
Which Vlocity component is most commonly used to build the CPQ product selection user interface?
Answer: OmniScript
OmniScript is most commonly used to build the guided, multi-step product configuration and selection UI in Vlocity CPQ implementations.