Business Economics and Finance

Introduction
In today’s business world, business development process is increasingly becoming important in the running any business. As business enterprises continue to intensify their efforts in reducing the costs and improving quality and service. Business development process in business is concerned with product production and service, and it entails the task of ensuring the development of a product or services are effective and efficient. Business development process also involves managing products, distribution of products and services to clients and the examination of the queue systems. Armstrong (2006) describes business development process as “the field of study that focuses on the effective planning, scheduling, use and control of a manufacturing or service organization through the study of concepts that affects the organization”. (Armstrong, 2006)