How are prices chosen in a quote, and what are price lists

How are prices chosen in a quote, and what are price lists. The quote builder prices a line in this order:

The steps, written out

1. The Price list set on the customer record.
2. A Customer-specific price list for that customer.
3. The price list of the customer's Customer group.
4. Otherwise the catalogue rate.

Tip

A price list gives a Discount off catalogue % for every item, and individual Item prices on the list override that discount. A list only applies while it is Active and today is within Valid from / Valid until. Discounts below these prices count against your discount limit.