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Answer Posted / sajeewa perera
Quation is legallly binding document to deliver specific
product in specified timeframe at a predefined prece.
Quotation has a Validity period and within the validity
period, the customer has the option of placing an order
within the agreed conditions with reference to the
quotation, or to cancel a contact.
Inquiry is not a leagal document and customer asks detailes
information about specific goods, in perticular their
prices.
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