What is business development

Question

Accepted Answer

Business development is the process of identifying and creating opportunities for growth and expansion in a company.

Business development involves researching and analyzing market trends and customer needs.
It includes identifying potential partnerships, collaborations, and new markets.
Business development also involves creating and implementing strategies to increase sales and revenue.
It requires building and maintaining relationships with clients and stakeholders.
Examples of business development activities include attending industry conferences, conducting market research, and negotiating deals.