Need help with Business

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Hello! Can someone please help me with this question:

Describe how businesses have changed in response to the industrial revolutions

Thanks in advance!

Sep 9th, 2015

Hi there! Thank you for the opportunity to help you with your question!

The industrial revolution have had a severe impact in how many businesses are operated. First of all, the introduction of machines into the workplace allowed for a great increase in efficiency. There was a shift in the focus from manual labor to machine labor, so many businesses added machines to their lineup. With increased power, there was the rise of the big corporations, businesses that grew so large that they started to consolidate multiple components and became dominant in the market, even driving out smaller competitors who did not keep up pace with the revolution. Some exampels include Rockfeller's Standard Oil Company, Carnegie Steel, etc.


Please let me know if you need any clarification. Always glad to help!
Sep 9th, 2015

Thank you!

Sep 9th, 2015

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