The absence of calculated field types on the Product object significantly limits its efficiency for many businesses, especially those with complex pricing structures or customised products.
Calculated fields would allow us to leverage dynamic pricing formulas, create custom discounts, and automatically compute values based on multiple product attributes, similar to what's available with Deal properties.
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One common use case for calculated fields on the Product object is the need to automatically determine a contract's end date based on its start date and term length (e.g., 6 months, 12 months, 24 months). Many businesses offer products or services on fixed-term contracts, and manually calculating and entering end dates can be inefficient, prone to human error, and time-consuming.