If you are a business owner, you might be knowing what a quotation is. Even if you are not, you might have heard the term quotation multiple times in your life. Imagine that you are a seller dealing with fabrics.
A prospect (someone who is likely to become a future customer) may have learned about the fabrics you are selling. The person approaches you to learn more about the items and the rates for which you are planning to sell. He or she might also approach other sellers. The prospect’s final decision is based on the offer you make. As a result, coming up with a unique and compelling quotation is important.