What is Quotation ? | GoSetle® Quotation Meaning with Example in 49 Second #quotation - video Dailymotion

GoSetle®

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!  #Quotation #BusinessBasics #FinanceTips #gosetle #BusinessEnglish #QuickBusinessGuide

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00:00What is quotation? Have you heard the word quotation in business but not sure what it

00:06really means? A quotation is a document a seller gives to a buyer, telling them the estimated price

00:12of goods or services before the deal is made. It's basically an offer. Example of quotation,

00:20let's say you ask a painter, how much to paint my house? He gives you a quotation, painting cost

00:27equals $15,000. Material cost equals $5,000. Total equals $20,000. This is not a bill,

00:37just an offer price. So, a quotation is simply a price estimate. If you accept it,

00:43the seller can then issue a pro forma invoice or a final invoice later.

What is Quotation ? | GoSetle® Quotation Meaning with Example in 49 Second #quotation

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