oboloo

oboloo Glossary

Business Development Expenses

oboloo Glossary

Business Development Expenses

Business development expenses are all the costs associated with directly growing and expanding a business, such as marketing, research, and training. They can also include staff salaries and travel expenses that a business incurs while searching for new opportunities and maintaining current relationships. These expenses are distinct from operational costs, which are used to keep the everyday operations of a business running smooth. Business development expenses ensure that a firm is actively looking for ways to stay competitive and increase their customer base.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971