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In this video from Bullseye Money, the concept of quotes in business is discussed. A quote is a financial document that serves as part of the purchasing process, often referred to as a price quote, sales quote, or quotation. It is typically created by suppliers of goods or services for potential customers, such as plumbers, electricians, landscapers, or lawyers. A quote outlines a fixed price for the delivery of requested goods or services. If the customer accepts the quote, the price is locked in, securing the agreement for the supplier to deliver the specified goods or services at the agreed amount.