What action is required to change a pricing strategy's status from "In progress" to "Approved"?

To change a pricing strategy's status from "In progress" to "Approved," the correct action is to click the Approve Button. This action indicates a direct mechanism within the Oracle Order Management system where approved personnel can finalize the pricing strategy.

Once the Approve Button is clicked, the system records the approval, thereby changing the status appropriately. This function streamlines the approval process, allowing for efficient tracking and management of pricing strategies.

While reviewing the role of approvers is important for understanding stakeholder involvement in the pricing approval process, simply having them review does not finalize the status change. Similarly, assigning the strategy to a pricing segment or adding a discount list may be part of the process for creating or modifying pricing strategies, but they do not represent the specific action required to approve an existing strategy. Hence, clicking the Approve Button serves as the definitive action needed to transition the pricing strategy's status to "Approved."