Which definition correctly defines the functionality of pricing formulas ?

technology enterprise content management

  1. A formula that evaluates the criteria and the order in which to apply qualifiers.

  2. A mathematical computation that the pricing engine uses as an alternative to entering the prices in a price list or to calculate a price adjustment

  3. A formula that the price list uses to apply modifiers and qualifiers when the correct criterion is met

  4. A mathematical computation that the order uses the determine which the price list to apply to a given line based on the criteria set in the pricing parameters form.

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Correct Option: B

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