Productivity and Configuration
Quotes, email, Price Books, and configuration.
What Price Book is mandatory and used as master for all products?
Category: Productivity & Configuration
Explanation
Detailed breakdown of the correct answer
Standard Price Book
The Standard Price Book is the only mandatory Price Book in Salesforce containing all active products.
Therefore, the correct answer is: Standard Price Book. Each product must have at least one Standard Price before it can be added to Custom Price Books or used in Opportunities. It's the «master» from which others derive.
The option that says: Custom regional Price Book is incorrect because Custom Price Books are optional and depend on the Standard Price Book.
The option that says: Corporate Price Book is incorrect because that concept doesn't exist; only Standard and Custom Price Books.
The option that says: No Price Book is mandatory is incorrect because the Standard Price Book is inherent to the org and all products must have a Standard Price.