Generating Ideas or Concepts That Could Offer Reasonable Solutions to Your

question 7

Multiple Choice

Generating ideas or concepts that could offer reasonable solutions to your problem is part of which phase in the engineering design process?

• A) Recognizing the need for a product or service
• B) Problem definition and understanding
• C) Research and preparation
• D) Conceptualization

---

Definitions:

Savings

The portion of income that is not spent on consumption but set aside for future use, often in a bank account or investment vehicle.

Consumption

The use of goods and services by households or individuals, constituting one of the primary components of the economy alongside investment, government spending, and net exports.

Savings

The portion of income not spent on consumption of goods and services but kept aside, usually in deposit accounts or investments.

Disposable Income

The fiscal capacity for households to commit to spending and saving following income taxation.