Quotation

Quotation Meaning In Business

A proposal from a seller to a buyer that states they will sell the item in question for a certain price only if certain conditions happen. For example, let’s say your business sells lamps. If you were running a deal that said “all lamps will be sold at 15% off when you purchase a pack of lightbulbs” that would be a quotation. The condition that needs to happen in order for you to sell your lamps at a certain price is that the customer has to buy a pack of light bulbs. Quotations aren’t just limited to promotions but can also be included in other ways that you may choose to price your items.

Quotation

Quotation Meaning In Business

A proposal from a seller to a buyer that states they will sell the item in question for a certain price only if certain conditions happen. For example, let’s say your business sells lamps. If you were running a deal that said “all lamps will be sold at 15% off when you purchase a pack of lightbulbs” that would be a quotation. The condition that needs to happen in order for you to sell your lamps at a certain price is that the customer has to buy a pack of light bulbs. Quotations aren’t just limited to promotions but can also be included in other ways that you may choose to price your items.

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