What Is the First Step of the Scientific Method Used

question 19

Multiple Choice

What is the first step of the scientific method used to evaluate a good or service?

• A) Gather all the necessary facts about the problem or question.
• B) Observe the progress of this alternative and adjust it as required.
• C) State the problem or question in as clear a manner as possible.
• D) Organize and analyze the facts.

---

Definitions:

High Investment-Low Consumption

An economic strategy or situation that focuses on higher levels of investment in capital and infrastructure while maintaining lower levels of consumer spending.

Marginal Benefit

The additional satisfaction or utility that an individual gains from consuming one more unit of a good or service.

Marginal Cost

The additional expenditure involved in producing one additional unit of a good or service.

Product X

A placeholder name typically used in economics and marketing to represent a generic product under consideration.