Requirement:
* Migrate existing contracts to a new Product version upon renewal.
Solution:
* Update the Renewal Product field to specify the new version of the Product.
* Enable the Renewal Forecast checkbox on the Contract to ensure renewal Quotes reference the new Product version.
Why Other Options Are Incorrect:
* B: Changing the Product Lookup on the Subscription directly bypasses standard renewal processes.
* C: Selection Product Rules enforce configurations during quoting but are not suitable for renewals.
* D: Price Rules do not modify Product references during renewal Quotes.
Salesforce CPQ Reference:
* Renewal product management is outlined in the CPQ Subscription and Renewal Guidelines .