When Andrew Schuman Bought Hammond's Candies, He Learned Than an Assembly-Line

question 28

Essay

When Andrew Schuman bought Hammond's Candies, he learned than an assembly-line worker had dreamed up the design of the company's candy. So Schuman decided to offer a $50
bonus to assembly-line workers who came up with successful ideas to cut manufacturing costs.
1. What does this story illustrate about finding new ideas?
2. How does the candy company encourage creativity?

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Definitions:

Commercial Banks

Financial institutions that accept deposits, offer various loans, and provide other financial services, like currency exchange and wealth management.

Open Market

A venue or environment in which financial securities, commodities, and assets are bought and sold without restrictions.

Government Securities

Financial instruments issued by a government to finance its projects and operations, commonly involving debt securities like bonds.

Interest Rates

The segment of a loan assessed as interest for the borrower, traditionally displayed as a yearly percentage of the loan's outstanding amount.