Term | Definition, usage, and notes |
---|---|
Price | The single unit amount that a product sells for in a point of sale (POS) client or on a sales order. In this topic, the term price always refers to the sales price, not the inventory price or cost price. |
Base price | The price that is set in the Price field on a released product. |
Trade agreement price | The price that is set on a product or variant by using a trade agreement of the Price (sales) type. |
Best price | When more than one price or discount can be applied to a product, the smallest price amount and/or the largest discount amount that produces the lowest possible net amount that the customer must pay. In this topic, the concept of best price is always referred to as 'the best price.' This best price differs from and should not be confused with the Best price enumeration value for a discount's concurrency mode. |
Product | North East price | NYC price | Store price |
---|---|---|---|
T-shirt | $15 | Not set | Not set |
Fashion jeans | $50 | $70 | Not set |