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Price List Hierarchies and Expansions

Dear All,

In SAP B1 2007B, under price list in the inventory module, there is "Hierarchies and Expansions".

Please any one help me, what is the use of this and how to use this. Because I added some item and I gave some discounts and the validitiy period.

Because dicounts can be given at different levels, like BP discounts, Item group wise Discounts.

What is the actual help of this Hierarchies and Expansions.

Thanks,

Pratheeviraj.

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