Business development encompasses many activities, including expanding the business scope, creating long-term value for the company's products, maintaining customer relationships, and trying to increase market share at regular intervals. Business development is a vital activity for any business and can be the foundation of its survival. Business development is an essential part of any project or business decision made by managers. A business organization might also consider business development as part of its corporate social responsibilities. Giving back to the community could improve the public image, which would in turn help to expand markets.
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