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In this video from Bullseye Money, the focus is on understanding quotes in the business context. A quote is a financial document involved in 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 in plumbing, electrical work, landscaping, or legal services. A quote presents a fixed price for the goods or services requested by the customer. Once the customer accepts the quote, the price is locked in, meaning the supplier is obligated to provide the agreed-upon services or goods at that price.
