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The video tutorial covers creating and editing quotes in Dynamics 365 for sales. There are two ways to create quotes: from an existing opportunity or directly from the quote list. To create a quote from an existing opportunity, open the opportunity record and click on the quotes tab. Clicking the plus new quote button opens a new quote form with pre-populated information from the opportunity record. Additional details such as shipping method, payment terms, and addresses can be entered or updated before saving the quote.