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Sales & Retail vocabulary · Negotiation & Pricing

Quote

Meaning in sales & retail, with examples

/kwoʊt/nounCore term

In sales & retail, quote means: A written statement of how much a product or service will cost, given to a customer before they decide to buy; also called a quotation.

In Turkish: fiyat teklifi, teklif

How it is used

Used in B2B sales, trade and services. You prepare, send, request, revise or accept a quote. It usually lists prices, quantities, delivery time and how long the prices are valid. It is also a verb: we quoted them 12 euros per unit.

Example sentences

  1. Could you send us a quote for 500 units with delivery to Ankara?

  2. This quote is valid for 30 days.

Common collocations

  • send a quote
  • request a quote
  • revised quote
  • accept a quote
  • price quote
  • proposalA document sent to a potential customer that explains the suggested solution, what is included, the price and the main terms, written to win their business.
  • list priceThe official price of a product as shown in a price list or catalogue, before any discounts are applied.
  • discountA reduction in the normal price of a product or service, given for example to win a deal, reward a loyal customer or sell old stock.
  • payment termsThe conditions agreed for paying an invoice, such as how many days the buyer has to pay, any deposit and any discount for early payment.
  • RFPRequest for proposal: a formal document in which an organisation describes what it wants to buy and invites several suppliers to send proposals.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Negotiation & Pricing

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