CPQ and Configurator Models in Product Management

Hi

This is a general query on knowing the difference between the CPQ and Configure models in Product management. Conceptually both seems same except the CPQ has pricing and Quoting and link to Subscription mgt etc.

On a functionality to recommend customers, CPQ offers more but separate licensing cost. However Configure models is in the same license of Product Management, SCM.

Items definition seems same as Options, Option classes and then Models to choose and build should price exactly the pricing strategy is enabled.

Please help to clarify.

Thanks

Viswa