Explanation
School of Fine Art agrees to purchase a new line of smartboards from a vendor. The agreed-upon smartboard purchase prices will have a cost price per 55-inch, 75-inch, or 85-inch.
Predefined product variants
Example scenario: Create predefined product variants
This example scenario shows how to create product variants for a product master using a combinations of product dimensions.
Step 1: Create a product master
Step 2: Add product dimensions
Step 3: Generate product variants
To generate product variants:
With your new product master still open, select Product variants on the Action Pane.
Select Variant suggestions on the Action Pane.
The system generates a list with all possible combinations of the sizes and colors you defined for the product. Select Select all on the toolbar.
In this example, select all of the possible variants. If you only want to use a subset of the possible product dimension combinations, select only the required check boxes as needed.
Select Create.
Select Save.
Reference:
https://learn.microsoft.com/en-us/dynamics365/supply-chain/pim/tasks/create-predefined-product-variants