In which location is the first price Tier defined when using Tiered Pricing?

In which location is the first price Tier defined when using Tiered Pricing?
A . The Default Storefront Pricelist
B . The Price field on the respective Pricelist Item Record
C . The Tiered Pricing Lightning Component
D . The CC Product Record

Answer: B

Explanation:

The first price Tier is defined on the Price field on the respective Pricelist Item Record. This is the price that will be displayed to users on the storefront.

When using Tiered Pricing, the first price tier is defined in the Price field on the respective Pricelist Item Record. Each Pricelist Item Record represents a specific product and defines the price tiers associated with that product. The Price field on the Pricelist Item Record determines the price for the first tier of the product.

Reference: Salesforce B2B Commerce Administrator documents or study guide (specifically, the section related to Tiered Pricing and Pricelist Item Records).