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Cisco 700-805 Exam is an essential certification program for IT professionals who work with Cisco contracts and renewals. It provides a comprehensive understanding of the contract renewal process, including negotiation, pricing, and management. Cisco Renewals Manager certification program is designed to help IT professionals advance their careers and gain access to Cisco's extensive network of resources and support. By earning the Cisco Renewals Manager certification, individuals can demonstrate their expertise and validate their skills and knowledge in managing Cisco contracts and renewals successfully.
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NEW QUESTION # 70
Which three financial metrics are critical in renewing subscriptions? (Choose three.)
Answer: A,B,C
NEW QUESTION # 71
How does Cisco define AT R?
Answer: C
NEW QUESTION # 72
Which task is the responsibility of the Renewals Manager?
Answer: C
Explanation:
one of the tasks that is the responsibility of the Renewals Manager is to manage recurring revenue risk, which includes:
* Identifying and prioritizing renewal opportunities and challenges
* Developing and executing renewal strategies and plans
* Collaborating with other Cisco teams and partners to ensure customer satisfaction and retention
* Negotiating and closing renewal deals
References: 2: Cisco Renewals Manager - Cisco
NEW QUESTION # 73
When renewing a contract with a customer, which action is important?
Answer: B
Explanation:
When renewing a contract with a customer, it is important to validate their business needs and ensure that the current solution is still meeting their expectations and goals. By validating their business needs, you can demonstrate your understanding of their situation, identify any gaps or challenges they are facing, and propose any improvements or enhancements that can add value to their experience. Validating their business needs can also help you build trust and loyalty with the customer, as well as uncover any opportunities for upselling or cross-selling additional products or services that can benefit them.
NEW QUESTION # 74
A Renewals Manager is building a software subscription renewal quote in CCW-R. To accommodate a customer ' s budget request, the RM removes the associated support service line item from the quote. What is the consequence of this action?
Answer: A
Explanation:
The correct consequence is that CCW-R identifies the missing required dependency during quote validation and the quote cannot proceed successfully until the configuration is corrected. Cisco's current Renewals Manager v2.0 exam blueprint specifically requires an RM to "validate quote components (SKUs, terms, dependencies) in CCW-R to prevent booking holds." This makes dependency validation an explicit Renewals Manager competency. (Cisco Learning Content) CCW-R treats a renewal quote as a structured commercial configuration rather than an arbitrary collection of independent line items. Where a software subscription requires an associated service or support component, removing that mandatory dependent line creates an invalid configuration. Cisco's CCW-R documentation explains that quote changes can cause a quote to become Invalid, and line-level errors must be corrected or resolved before the quote can progress. A quote is considered valid only when validation finds no blocking errors; Cisco performs validation again during order submission as well. (Cisco) Therefore, A is incorrect because mandatory support cannot simply be omitted when it is structurally required. B describes no standard CCW-R dependency behavior, and C incorrectly treats the issue as a pricing adjustment rather than a configuration-validity problem.
The RM must restore or replace the required support component and revalidate the quote. Therefore, D is the correct answer.
NEW QUESTION # 75
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