Standalone Selling Price Ranges

You can specify standalone selling price ranges that the Identify Customer Contracts process uses to automatically determine whether the stated selling price for goods and services sold falls within or outside of the standalone selling price range.

You can determine standalone selling price range test results in one of these ways:

• Specify a specific low and high point for the range: You upload the specific low and high points as the acceptable range of your standalone selling prices using the Create Standalone Selling Prices spreadsheet. The Identify Customer Contracts process then compares the selling price with the standalone selling price range to determine whether the selling price is below the low point, in range, or above the high point.
• Automatically calculate the standalone selling price range: You upload a standalone selling price midpoint and tolerance percentage values using the Create Standalone Selling Prices spreadsheet. The Identify Customer Contracts process then automatically calculates the standalone selling price low and high points using the midpoint and tolerance percentage.

You define the policy where you specify the unit standalone selling price that is used to allocate the transaction price in each scenario.