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A quote in business is a financial document provided by suppliers to potential customers, often referred to as a price quote, sales quote, or quotation. It's commonly used in various industries, such as plumbing and legal services, and outlines a fixed price for goods or services. When a customer agrees to the quote, the price becomes locked in, and the supplier is obligated to deliver the agreed-upon services or products at that price. This process ensures clear communication and helps both parties understand costs before a transaction is finalized.
