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Which of the following best describes a Product Feature in CPQ?

  1. A characteristic that enhances the visibility of a product

  2. A category for grouping related Product Options

  3. An attribute that determines pricing strategies

  4. A variable used to calculate costs

The correct answer is: A category for grouping related Product Options

A Product Feature in CPQ refers to a category used for grouping related Product Options. This categorization allows for better organization and management of products, making it easier for sales representatives to identify and select the appropriate options for a customer. By grouping related options under a specific feature, it helps streamline the quoting and configuration process, ensuring that customers can view all relevant options together, which enhances the overall sales experience. The other choices do not accurately capture the essence of a Product Feature. While a feature may enhance the visibility of a product, it does not primarily exist for that purpose. Similarly, determining pricing strategies and calculating costs are more aligned with other parameters in the quoting process rather than being directly tied to the concept of a Product Feature.