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In this video from Bullseye Money, viewers learn about quotes in business, which are financial documents essential for the purchasing process. Often referred to as price quotes, sales quotes, or quotations, these documents are created by suppliers and provided to potential customers. A quote typically includes a fixed price for goods or services, which, if accepted by the customer, locks in the price. This agreement obligates the supplier to deliver the specified goods or services at the quoted price. The video caters to business owners needing clarity on how to prepare quotes for client interactions.