Finance: The allocation of assets and liabilities is considered in finance. There are three parts of finance personal, public and corporate finance. During business development, knowledge about the financial condition of an organization aids in making strategies.
Marketing: Promotion of a product or service is done through marketing, helping in increasing its value in the market. The 4Ps of marketing help in making business development strategies.
Strategic management: When the managers analyze an organization's internal and external environment and make strategies on behalf of the management is known as strategic management. Strategic management helps in developing the business of the organization.
Mergers and acquisitions: When two or more organizations join to conduct a business, it is known as a merger, whereas when an organization acquires another organization, it is known as an acquisition. Both of these have a greater impact on the business development process.