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This video tutorial demonstrates how to create and edit quotes in Dynamics 365 for sales. Quotes can be created from an existing opportunity or directly from the quote list. To create a quote from an existing opportunity, start by opening the opportunity record and clicking on the quotes tab. Then, click the new quote button to open the quote form containing information such as price list, potential customer, and products from the opportunity record. Additional details like shipping method, payment terms, and addresses can be updated as needed.