Buyer group price books and store pricing strategy
Key Takeaway
When a buyer is eligible for prices from several price books, the store's pricing strategy decides which price they see. Best Price shows the lowest price. Priority Price shows the price from the price book with the lowest priority number in the buyer group.
In a B2B Commerce store, buyers see prices that come from price books. You can assign a price book to the whole store, to specific buyer groups, or to both. One buyer can end up with several price books, so each store has a pricing strategy that decides which price the buyer actually sees. For bulk orders, you can add quantity-based discounts to a price book with tiered pricing.
The standard price book
Every product starts in the standard price book. You can have only one standard price book. A product must have an entry there before you can add it to any custom price book for a store or buyer group.
The standard list price can be any price. You can change the product's price when you add it to a store or buyer group price book. The price in the assigned price book takes priority over the standard list price.
For B2B stores, the standard price book holds one entry per currency you sell in.
A store sells a pallet jack in USD and EUR. The admin creates two standard price book entries for that one product: one in USD and one in EUR.