Question

Vix is a leader in​ fare-collection equipment for​ Australia's transportation​ industry, having already installed a​ new, pioneering system in subways and buses in major cities worldwide. In this​ example, Vix has gained a competitive advantage by​ ________.

Answer 1

Encouraging innovation

Step-by-step explanation:

Innovation can be defined as the process in which new products, designs and ideas are developed.

Innovation is just mainly about staying relevant. We are in a time of unusual change. As a result, what may have being a necessity for an organization be successful in the past could potentially be the cause of their downfall in the near future. Companies need to adapt and develop to meet up to the ever changing needs of the economy.

Vix encourages innovation by installing a​ new, pioneering system in subways and buses in major cities to suit to the ever growing technological advancement.

Answer 2

Encouraging innovation

Step-by-step explanation:

Innovation: it refers to new ideas or new method of doing something. It is the use of new method to solve a particular problem.

Vix has gained a competitive advantage against other in fare-collection equipment for Australia's transportation by industry by Innovation, that is, the installation of new pioneering systems in subways and buses in major cities worldwide.

Vix has taken advantage of technological development to gain more competitive advantage.

Vix has encouraged innovation by providing a more effective way of fare-collection in Australia's transportation industry.