Can someone please confirm my assumptions? Are these correct statements?
Attributes: You can define attributes (additional fields) for flexible and meaningful classification but they are limited to leads, opportunities, customers, and inventory items.
User defined Fields: The functionality of attributes is not available for all entities. For some of these entities, your organization can create user-defined fields. They will be displayed in an additional Tab “User Defined Fields”.
Custom Fields: Attributes and user defined fields can’t be placed at grid or line item level. You would need a custom field for that.
Best answer by Naveen Boga
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