N16300GC10 practice question 11 of 25

Which statement is true regarding Price Levels?

Full set: 190 questions
Answer options
A: When the Multiple Prices feature is enabled, users can create up to 1,000 Price Levels. Correct answer
B: Users can only enter a discount percentage on Price Levels.
C: Users are not allowed to inactivate a Price Level when it has a discount/mark-up percentage.
D: Price Levels cannot have the same discount/mark-up percentage
Correct Answer:
A. When the Multiple Prices feature is enabled, users can create up to 1,000 Price Levels.
Explanation

The Multiple Prices feature in Oracle NetSuite must be enabled to create and use Price Levels. Once enabled, this feature allows for the creation of up to 1,000 distinct price levels. These levels can then be assigned to customers and applied to transactions to automatically calculate the correct item price based on a predefined discount or markup from the base price. This functionality is essential for managing complex pricing strategies for different customer segments.

Why Incorrect

B. Users can enter either a discount or a markup percentage for a Price Level, not just a discount.
C. Users are allowed to inactivate a Price Level at any time, regardless of whether it has a discount or mark-up percentage defined.
D. Different Price Levels can have the same discount or mark-up percentage; the system does not enforce uniqueness on this value.

References

1. Oracle NetSuite Help Center

SuiteAnswers. (2023). Enabling the Multiple Prices Feature. SuiteAnswers ID: 9911. "When you enable the Multiple Prices feature

you can create up to 1

000 price levels."

2. Oracle NetSuite Help Center

SuiteAnswers. (2023). Creating Price Levels. SuiteAnswers ID: 9912. "In the Discount/Markup % field

enter the percentage you want to discount or mark up items for this price level... To enter a markup

enter a negative number." This confirms that both discounts and markups (as negative discounts) are supported.

3. Oracle NetSuite Help Center

SuiteAnswers. (2023). Making Records Inactive. SuiteAnswers ID: 8443. This document outlines the standard procedure for inactivating records

which applies to Price Levels. It notes that inactive records no longer appear in lists or for selection on new transactions

with no specific restriction mentioned for Price Levels with defined percentages.

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