Cloud Kicks (CK) has recently phased out Product Option X and is ne longer actively...

 Requirement:

Migrate existing contracts to a new Product version upon renewal.

 Solution:

Update the Renewal Product field to specify the new version of the Product.

Enable the Renewal Forecast checkbox on the Contract to ensure renewal Quotes reference the new Product version.

 Why Other Options Are Incorrect:

B: Changing the Product Lookup on the Subscription directly bypasses standard renewal processes.

C: Selection Product Rules enforce configurations during quoting but are not suitable for renewals.

D: Price Rules do not modify Product references during renewal Quotes.

 Salesforce CPQ Reference:

Renewal product management is outlined in the CPQ Subscription and Renewal Guidelines ​.