What is a Quotation? What are the benefits of Quotations?

How do I create Quotations for Buyers?

Will the buyer contact me after I have sent him/her the quotation? Is it mandatory to send the buyer my product quotation?

Can I add my preferred number (PNS) instead of my primary number to the quotation?

I have sent the quotation to buyer, but the buyer says he has not received it. Where should I check?

Can I send multiple quotations in response to a buyer requirement?

In what format will the smart quotation be generated?

At what stage of the conversation with the Buyer should I send a Quotation?

How do I edit or update the quotation already submitted by me?