Private enterprises allow entrepreneurs to run businesses without central government control and can operate within a free market. ... Some aspects of capitalism are free choice, private ownership, private profit and free competition. The only drawback of this type of system is that a company can operate with no competition thereby creating a monopoly unfavorable for consumers. ... Finally, communism replaces the operation of a free market almost entirely. ... In addition, setting up a business for a sole proprietor is much simpler under the law compared to the other two types of businesses. ...

• Word Count: 3843
• Approx Pages: 15
• Grade Level: High School

The company also holds internships where students can earn and even get free housing during the process. ... In 2014, the company announced that it will overhaul its recruitment process following huge volume of applications and students going beyond normal means to pass the Samsung aptitude test. "It is to diversify the recruitment process by types of occupations, as opposed to the uniform, test-based programme," Lee Jun, Samsung's communications chief noted. ... Aside from paying well, the company also provides perks such as free meals, top-of-the-line facilities, and internal programs...

• Word Count: 2880
• Approx Pages: 12

Max Weber (1864-1920) developed an ideal type or pure form of bureaucracy (Weber, 1992) as a formal system of organization and administration that would reflect the most characteristic aspects of all human organizations. ... Employment Based on Technical Qualifications The officials should be appointed base on professional merit and the technical qualification of a person that is tested through a competitive examination. ... First, the efficiency of an organization will be affected by different types of specialization and there are no criteria to mention which one is more efficient. ...

• Word Count: 3355
• Approx Pages: 13
• Has Bibliography
• Grade Level: Undergraduate

This has become a central focal point as trends from the supply chain arena have indicated that substantial operating cash can be freed with leaner and more efficient handling of inventory. ... This type of system, 'pulled' by customer demand rather than 'pushed' by a supply system, is long familiar in retailing and over the last decade has become a necessity in many manufacturing sectors. ...

• Word Count: 8123
• Approx Pages: 32
• Has Bibliography

Agriculture and domestic textile were the main types of work among the lower classes. ... With more and more people moving up the social scale, breaking free from the dominating conformities of the working class role, it is clear that the old fashioned views of what is best for the company is best for the worker in many aspects of modern society is not as effective as it used to be. ...

• Word Count: 2966
• Approx Pages: 12