CSEET · Business Communication · Common Business Terminologies
A firm's sales team prepares a document that lists the goods, quantities, prices and terms on which it is willing to supply, in reply to a buyer's enquiry. This document is called a:
The document is a quotation. It is the seller's response to a buyer's enquiry and states the goods, quantities, prices and terms of supply. An indent, by contrast, is an order that originates from the buyer rather than an offer from the seller.
- AQuotationCorrect
- BIndent
- CDebit note
- DLetter of credit
Explanation
A quotation is the seller's reply to an enquiry, stating price and terms of supply. An indent is an order placed by a buyer, often through an agent, so it comes from the opposite side. A debit note is issued to claim an amount, not to offer terms.
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