🇩🇪German Source WordCode: DE

Einkaufsgruppe

Pronunciation / Transliteration: ˈaɪnˌkaʊfsˌɡʁʊpə

🇬🇧 Direct English Meaning:
Group Purchasing/ɡruːp ˈpɜːr.tʃə.sɪŋ/
nounCEFR B2 (Upper)Top #1500 frequency
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🇩🇪 Example Sentence in German:

"Die Einkaufsgruppe ermöglicht es kleinen Unternehmen, bessere Preise zu erzielen."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A purchasing strategy where multiple buyers come together to negotiate better prices and terms with suppliers.

    "By joining a group purchasing organization, small businesses can access discounts typically reserved for larger companies."
  2. 2

    The act of buying goods or services collectively to achieve cost savings.

    "The group purchasing initiative led to significant savings for all participating members."

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Linguistic Origin & Historical Etymology

The term 'group purchasing' combines 'group', from Old English 'grōup', meaning a collection or assembly, and 'purchasing', derived from the Latin 'purchasare', meaning to buy. The concept evolved in the late 20th century as businesses sought to leverage collective buying power.

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