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A formula is an algorithm that derives its value from other fields, expressions, or values. Formulas can help you automatically calculate the value of a field based on other fields (from Salesforce doc). Formulas can be used in many areas of Salesforce other than just Formula Fields, such as Validation Rules and criteria for Workflow Rules and Approval Processes.
2
votes
Accepted
How do I write a formula using Picklist and Picklist?
The formula would look like this:
IF(
AND(
ISPICKVAL(picklist_field, text_literal) ,
ISPICKVAL(picklist_field, text_literal)),
value_if_true,
value_if_false)`
If you requirement is nothing … more than what you've stated in the question, then a formula would do just fine. …