Terminology for Pricing

These terms are used throughout the Oracle Pricing playbook.

Term	Definition
Price List	Used to set up standard pricing for items.
Discount List	Used to set up discounts and price overrides for items.
Cost List	Used to set up various charges, such as item cost, sales commission, and labor cost.
Pricing Basis	References a single price element, such as List Price or Invoice Price, to calculate the discount that it applies on an item. The price element is one of the components on the pricing charge.
Tiers	Aggregates the level of discount depending on the amount or quantity that's bought.
Pricing Strategy	A set of pricing rules that you create to achieve a profitability goal for selling and pricing an item.
Customer Pricing Profile	Describes the buying characteristics of a customer.
Pricing Segment	Used to categorize a set of customers, to understand their business motivations, and offer a pricing solution.