On a product record you have standard price, current price and list price. Does anyone know why we have three options for a price here.
Also, if I associate it with a default price list then a price list item is created for this product. On the price list item I can state what the price of this product is when using this price list. Why then is there also a field called list price on the product?
In theory I could create product X and state that its default price list is price list Y. On the product entity I could state the list price to be £10. But on the price list item for the same product and the same price list put a price of £20.