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TCLA Vacation Scheme Applications Discussion Thread 2024-25

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yasmars

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Jan 1, 2021
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why does the covington application ask us to invent a new technology do i look like steve jobs :(

when firms ask 'creative questions' like this, i find it slightly patronising, because at the end of the day i feel like they don't really care and assessing these are subjective. it's like that withers question about childhood toys. just give me a job please:rolleyes:
The Covington question is sooo annoying. But I’m gonna have to do it since I actually like the firm 🙄
 

TCLA Community Assistant

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Aug 1, 2019
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Any guidance for this question please? ‘what is your understanding of how a business generates and maintains a profit?' Thank you!
i would consider the practical ways in which a business can increase its revenue without necessarily just increasing costs, or how it reduces costs without reducing revenue.

Provide practical examples (innovation, diversification of service/products, technology to increase productivity etc) and maybe even use examples of how specific businesses have done that.
 
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