market study
The term 'estudio de mercado' in Spanish translates to 'market study' in English. A market study is an evaluation of the market for a certain product or service, in regard to its commercial attractiveness and competitiveness. This kind of study typically probes into size, trends, habits and other attributes of the identified market. It is commonly conducted by businesses to help in strategic planning and decision-making processes.
The company conducts a market study to identify business opportunities.
In this sentence, the company is the subject that performs the action of carrying out a market study. This study aims to identify new business opportunities, giving an insight into the purpose of performing a market study.
The market study will help to define the prices of our products.
Here, the phrase illustrates the usefulness of a market study. The results of the study will contribute to defining the price points for a company's products. This exhibits how market research can directly impact business decisions such as pricing strategies.
Before launching the new product, we will conduct a market study.
In this sentence, a market study is to be conducted before a new product launch. The purpose is to gather data and analyze it before making strategic decisions. This emphasizes the importance of market research in the early stages of product development.