This is information that anyone conversant in the topic under discussion would already know. If it is, it is common knowledge. In business reports generally, and certainly in the one for this class, keep quotations to a minimum and do not use any with more than four lines . Quotations are not a good idea for the typical business report because they have a way of chopping up the style of the report. Just as the reader is getting used to your way of saying things, in comes someone else with another style.
Quotations do have their place, of course.
If someone says something better than you could, and you need the information, include it. However, if you do quote, quote carefully. When you put the quotation marks around a passage, you are saying that is just what your source said, and should you quote, introduce it properly. It is quite annoying to read a report with quotations dropped in without any idea as to who said it and why. The text provides a detailed example of a single-spaced formal report on pp.