Episode 2 — Financial Documents

Quotations

Learners will be able to:

- Identify the main difference between a quotation and an invoice. - Explain why it is essential to get a quotation before purchasing goods or services. - Describe the purpose of including specific numbers on quotations, such as reference numbers and dates. - Calculate the total cost of goods or services using a quotation, including VAT. - Apply the concept of quotations to real-life scenarios, understanding how they protect both customers and businesses.