As an Amazon Associate I earn from qualifying purchases.

Group Definition and Explanation PDF Download

Learn Group definition in marketing with explanation to study “What is Group”. Study group explanation with marketing terms to review marketing course for online MBA programs.

Group Definition:

  • Two or more people who interact to accomplish individual or mutual goals.

    Principles of Marketing by Philip T. Kotler, Gary Armstrong



Group Explanation:

The dark market (some of the time spelled as "dim market") is the aggregate arrangement of unapproved deals channels for items. Dark market items might be more affordable than those purchased through authority circulation channels yet are now and again substandard. The items might be fake or have fake parts, for instance; they might be recycled items or contain recycled segments that are spoken to as new. Now and again, dark market items are valid yet dispersed illicitly, maybe to abuse varieties in expenses and costs in various pieces of the world. Guarantees, updates or other help are generally not accessible for dark market items.

Keep Learning Marketing Explanations

What is Place Advertising?

Spot based presentations envelop a wide assortment of arrangements that are extraordinarily found where specific gatherings assemble for an assortment ...

What is Third-party Logistics (3PL) Provider?

Outsider coordination's suppliers normally have some expertise in incorporated activities of warehousing and transportation benefits that can be scaled and ...

What is Sponsorship?

Supporting something (or somebody) is the demonstration of supporting an occasion, movement, individual, or association monetarily or through the arrangement ...

What is Promotional Pricing?

Special Pricing is one of the most dominant deals advancement strategies in which the costs are scaled down radically for ...

What is Postpurchase Behavior?

Essentially characterized, Post-Purchase Behavior is the phase of the Buyer Decision Process when a customer will make extra move, in ...

What is Motive?

Purchasing thought process is the rationale to convince the wants of individuals with the goal that they purchase a specific ...