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The Colonial Era
In the Colonial Era there was rural and agricultural production. The towns and villages were tiny. Farmers used the marketplaces to sell there crops. The economic focus was mainly on rural areas. Families tended to work together in running the market place and selling items. -
The Industrial Revolution
The Industrial Revolution was one of the most revolutionizing events in the world. It began in the United States sometime around 1760. It completely shifted the United States labor based industry to more technical machine based industry. This helped the manufacturing process speed up and it also helped boost the economy. This also helped businesses all around the U.S make much more profit, which helped them grow. -
The Age of Industrial Entrepreneurs
This took place in the late 1800's. The Age of Industrial Entrepreneurs tremendously helped improve the U.S business system, and it also helped the consumers. The Age of Industrial Entrepreneurs, essentially created new demand for manufactured goods. It helped businesses to use the most advanced techniques for serving customers. In the entrepreneurial age, machinery and information were not the main focus. Businesses started focusing more on entrepreneurship. -
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The Production Era
The Production Era took place in the late 1800's to 1920. Products started being produced in much greater quantities.The working condition considering children was bad. More products were produced because of the increasing demand for manufactured products. The assembly line was created which helped increase efficiency. -
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The Marketing Era
The Marketing Era took place from the 1920's to the 1980's. Technology let businesses to spread the word out about their goods and products. Through television commercials and advertisements more and more people knew about certain businesses. Businesses started considering more what consumers want before producing a product. So this helped businesses grow and made consumers happier. -
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The Relationship Era
This era started in around the 1980's and is going on to present day. Businesses look for different ways to engage customers and build connections that collect loyalty and return to the business. Businesses try to keep customers because it is more money effective and business smarter. than trying to attract new customers.
