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 send multiple quotations in response to a buyer requirement?

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

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

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?