This is not possible, labels do not change dynamically. One solution would be to use generic labels, in your customer's record type settings only add options related to customer and idem for prospect's. And for the Name field simply keep the "Name" part.
Full Answer
How do I create a new record type in Salesforce Lightning?
For example, for creating account record type is lightning From Setup, click Object Manager and select Account. Select Record Types, click New, and fill in the details. Page layouts control the layout and organization of buttons, fields, Visualforce, custom links, and related lists on object record pages.
What are record types in Salesforce?
Record types in Salesforce allow you to have different business processes, picklist values, and page layouts to different users based on profile. You might create record types to differentiate your regular sales deals from your professional services engagements, offering different picklist values for each.
How many record types should you implement?
You also don’t want to be the person using 10 record types, when really, each should be a different custom object all together. As long as you have a solid plan in place before you begin, you will have a successful Record Type implementation!
What are the different types of support cases in Salesforce?
My company wants to have four Record Types for Support Cases: Suggestion, Problem, Question, Other. Depending on the type, we need different picklist values, different default values, and different requirements on the page layout.
Can a Salesforce record have multiple record types?
Profiles can be associated with one or more record types. This can be done when creating the record type, or later when editing a specified profile. When more than one record type is available you must choose a default for each profile.
How many record types can be created in Salesforce?
200 record typesWe recommend creating no more than 200 record types. While there is no limit, orgs may have difficulty managing their record types if they exceed 200.
Can you change record types in Salesforce?
From the UI, you can change an account's record type from a business account to a business account or from a person account to a person account. However, to change an account's record type from a business account to a person account, or vice versa, you must use the API.
How do I change the record type of multiple records in Salesforce?
Update existing records using Data Import WizardGo to: Salesforce Classic: Setup | Data Management | Data Import Wizard. ... Click Launch Wizard!Click Account and Contacts.Select Update existing records. ... Open the CSV and map the fields as required.Start the import once all fields are mapped.Start importing records.
How many record types can you have on an object?
Salesforce recommends that you do not use too many record type objects. It limits the ideal number of record types to 200.
Why would you create different record types?
“Record types let you offer different business processes, picklist values, and page layouts to different users. You might create record types to differentiate your regular sales deals from your professional services engagements, offering different picklist values for each.
How do I change the record type in Salesforce lightning?
Go to any page layout and click Edit. You will see Change Record Type button as one of the available Standard buttons.
Can you change a record type?
you cant edit the record type of the object in edit mode. If you go to the detail view of the page, you should see a field called record type with the link [change] next to it. "Opportunity Record Type" is the name of the field to add to the page layout.
Can we assign different page layout of the same record type?
That is, the same record type may have different page layouts for open and closed cases. With this additional setting, when users close a case, the case may have a different page layout that exposes how it was closed. You can't specify custom record types for the home tab.
How do you change the Lead record type?
From Setup, enter custom in the Quick Find box, then select Custom Metadata Types. Click Manage Records next to Individual Record Type Mapper. Click Edit next to Individual. Complete the Lead Record Type and Record Type Namespace (Lead) fields with the record type you're mapping to.
How do I change the default record type in Salesforce?
From your personal settings, enter Record Type in the Quick Find box, then select Set Default Record Types or Record Type Selection—whichever one appears. ... Select the data type to specify that you want to use the default record type whenever you create that type of record. ... Click Save.
How do I change a contact record type in Salesforce?
Go to 'Record Type Settings' related list. Click Edit on the object which you can't select a record type. Check if there's other record type added in your profile, if none please add an existing record type or create a record type as needed.
What are the benefits of using record types?
When you use Record Types correctly, you can improve data quality, reduce manual effort, streamline processes, and make things easier for end-users to focus on their real work.
Can you use record type to determine visibility?
You may need to remind your users to filter on Record Type when creating reports. You cannot use Record Type to determine visibility – see the Salesforce idea here. When you assign a Record Type to a Profile, you’re really just giving the potential ability to create that record type.
Can you use inline editing on a list view?
When adding picklist values in the future, you’ll need to remember to also add them to the proper Record Type (and process, if needed – refer back to Step 3). You cannot use Inline Editing on a list view when Record Types are present, unless that list view has a filter displaying only one Record Type.