In this 49-second quick guide, learn what a quotation really means, its formal definition, and a simple real-world example.
Meaning: A quotation is a statement from a seller telling a buyer how much a product or service will cost before the purchase.
Example: If a supplier tells you the price of 100 T-shirts before you place an order, that is a quotation.
This video is perfect for students, entrepreneurs, and business professionals who want to understand basic business terms quickly and clearly.
✅ Understand business concepts in under a minute!
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