oboloo Glossary

Business Quotation

oboloo Glossary

Business Quotation

A business quotation is an offer, usually in writing, from a supplier to provide products or services at a given price and by a specified date or time. This document outlines the estimated cost of goods, services, shipping, taxes, and other components of a business transaction. It also provides a quick, organized way for customers to compare different suppliers and make informed purchasing decisions. Business quotations are an essential part of any successful business as they help ensure that customers get what they need at the right price.