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Which statement about products and price books is true? (Choose two.)

Below is the answer and explanation for the question in the Salesforce Exams.

Which statement about products and price books is true? (Choose two.)

  • Price books that contain assets cannot contain products.
  • A product can have a different list price in different price books. ✅
  • The standard and list price for a product can be listed in multiple currencies. ✅
  • Products without a price are automatically added to the standard price book.

Correct Answers

A product can have a different list price in different price books. ✅
The standard and list price for a product can be listed in multiple currencies. ✅

Explanation

Define your Product:
A Product is a service or item that the company sells to the customers. Once you have added the Products, you can set the price of the product per unit based on your business. In Salesforce, Product is a Standard object having standard fields and tabs. You can add your custom fields to customize Product object as per your business requirement. Products can be added to the Opportunity allowing you to have an correct inventory and also make your forecasting accurate.

What is Price Book:
The Price Book will provide the list of products and their prices per unit. You can create multiple price books to maintain different prices for the same product based on your business needs. Salesforce will always provide your a Standard Price Book. The moment you add a Product into Salesforce and set the price of the Product, that Product will go into Standard Price Book. But you can create Custom Price Book as well.

The above question is related to the Salesforce Exams. You can find all the updated questions and answers related to the Salesforce Admin Practice Exam on the “Salesforce Exams” page. If you find the update in questions or answers, do comment on this page to let us know. I will update the answers as soon as possible.

To learn about Salesforce Exams: Salesforce Exams.

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