PeopleSoft Inventory Item Price List/Update PO Price and Standard price logic

Hello All,

Could you please confirm the logic behind the 'Update Standard Price' and 'Update Business Price' options in the Item Loader? We would appreciate your help and feedback on this.

We reviewed the section NT_ITMLOAD.UpdRecs.GBL….PstUpds step:

In order to have a clear understanding of the logic and scenarios:

a) An item has 3 associated vendors. The item’s standard unit of measure (UOM) is Box, with other UOMs being Each and Case. The priority 1 vendor’s UOM is Box, and the price is $100 as of 02/19/25.
Does this mean the standard price for the item should now be $100, based on matching the standard UOM and priority 1 vendor?