Certified CPQ Specialist

To amend a contract and change prices to reflect new discounts for existing active subscriptions and assets, the user should change the values for Net Price on the subscription or Price field on the asset. Then, they should amend the contract and use the Refresh Prices option. This approach directly addresses the need to update existing subscriptions and assets without creating new entries or altering the original quote.

To ensure that the Configuration Attribute retains its value upon Renewal, the best solution is to create a Twin Field of the Square Footage field on both the Asset and Subscription objects. This allows the value to carry over automatically from the original Quote to the renewal process, thus eliminating the need for sales reps to re-select the square footage value.

To meet the requirement that clients can negotiate a discount for Product A until a specified date upon Contract activation, the Effective Date, Expiration Date, and Discount fields on the Contracted Price record should be configured. The Effective Date specifies when the discount becomes active, the Expiration Date limits the duration of the discount, and the Discount field defines the negotiated discount amount. Including these fields ensures the discount is applied appropriately during the active contract period until the specified expiration date.

To allow a user the ability to choose options and define option quantity via bundle configuration, the Configuration Type must be selectable and active. Configurable allows users to choose options and quantities explicitly. Required ensures that the bundle is configured, giving the user control over the configuration. Allowed provides permission for configurative actions without enforcing them. Therefore, the correct values for Configuration Type are Configurable, Required, and Allowed.

Using the discount schedule, the price calculation applies as follows. For a quantity of 5, the units are divided into the discount tiers. According to the 'Slab' discount type, the upper bound values are exclusive. This means Tier 1 covers quantities up to 2 units at a 0% discount, so they remain at $100 each. Units 3, 4, and 5 fall into Tier 2, which is up to but not including 6 units, receiving a 10% discount, making them $90 each. Hence, the total calculation is (2 * $100) + (3 * $90) = $470.