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In this tutorial, sales reps will learn how to efficiently prepare quotes for customers by using quote templates and tracking contracts. By setting up code templates, sales reps can create contracts and understand the basics of quotes. Quotes are important as they show customers the prices of products and services offered by the company. Sales force admin Maria demonstrates how to enable quotes by accessing quote settings and selecting the appropriate options for generating quotes as PDFs. This setup is essential for creating and customizing quotes for customers.