Examlex
LensForAll is a company that sells affordable contact lenses on its website.The CEO of the company realizes that an app must be developed that would allow customers to virtually try on colored lenses to find out what best suits them.Which of these features should the app have?
Standardization
The process of making something conform to a standard, typically to facilitate compatibility and interoperability among multiple items or systems.
Government Regulation
The establishment of rules by government authorities designed to control and govern the conduct of industries, businesses, and individuals to ensure public welfare.
Adverse Selection
A situation where asymmetrical information leads to the selection of poor risks by one party in a contract or agreement.
Policy Premiums
The amounts paid for insurance policies by the insured to the insurer to provide coverage for various risks.
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