Actually all the status for quotation make an assumption that the quotation will be approved by the client, or makes changes. But if the quotation is not approved, the only options to not confuse this quotation with anothers one who are waiting for the sign, is to deleted or archived. If you deleted the quotation, you dont have any register on the deal, the company or the contact. Will be a good idea to add a new status on quotes call “Rejected”. With it, you can know what offers or product the client rejected in the past, and dont make confussion about what quotes are really in other status like “waiting for approval” or “pending to sign”.
Status: Idea Submitted
