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In this video from Bullseye Money, viewers learn about quotes in business, which are financial documents essential to the purchasing process. Often referred to as price quotes, sales quotes, or quotations, these documents are generated by suppliers for potential customers. Quotes typically provide a fixed price for goods or services that both parties can agree on. Customers often receive quotes from various service providers like plumbers, electricians, or lawyers. Once a customer accepts a quote, the price is locked in, ensuring that the supplier is now obligated to deliver the agreed-upon goods or services at that set price.