Products versus price books in the sales catalog
Key Takeaway
Products define what you sell, and price books define what it costs. To charge different sets of customers different prices for the same products, create one custom price book for each set of customers, with its own list prices.
Products are the catalog of every item and service your company sells, each with a standard price. Price books are lists of products with their prices. The standard price book holds every product at its standard price. Custom price books let you charge different list prices to different sets of customers.
Products and price books
A product record is one item or service that you sell. The product catalog is the base list of all your products, each with its standard price.
A price book is a list of products and their prices. Products define what you sell, and price books define what it costs for a specific use.