The resulting lower unit cost supported a larger market share and higher cash flow, and reduced the cost of capital. By 1917 the revolution was over and many industries in the US and Europe were controlled by large, integrated corporations.
In addition to the change in business models, the lower unit cost resulting from technological innovations supported a larger market share and higher cash flow, and reduced the cost of capital.
除了企业运营模式的变革之外,源于技术革新的较低成本提升了市场份额,加快了现金流动,降低了资本的运作成本。