as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain the engineering design process.
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the engineering design process is an iterative problem-solving approach used to develop engineered products. it involves defining the problem, devising a solution, constructing a prototype, testing the prototype, and making modifications as needed. this process is repeatedly done until the desired results are achieved. it is an important tool for any engineer as it helps improve products, reduce time-to-market, and reduce costs.
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