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A quote is a financial document integral to the purchasing process, often referred to as a price quote, sales quote, or quotation. It is typically generated by suppliers of goods or services for potential customers, such as those seeking the services of plumbers, electricians, landscapers, or lawyers. A quote details a fixed price for the services or goods the customer intends to purchase. If the customer agrees to the quoted price, they accept the quote, which locks in the price, binding the supplier to the agreed terms for the delivery of the goods or services. This introductory guide provided by Bullseye Money aims to assist business owners in understanding the role and process of quotes in business transactions.
