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What is product variant configuration in SAP CRM?

Hi All,

Wish you Happy New Year..

Could you please help me with Product Variant Configuration in SAP CRM? 

I have gone through a few links but got confused, I do not have any knowledge on this, kindly explain me what product variant configuration means and how it works.

What are the settings required in SAP CRM for Product Variant Configuration?

Please help me.

Regards,

Maddy

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