The first two tabs will allow you to view and amend the basic information for this group.

You can set the outgoing email address for emails from this group, assign the group category and much more in the advanced options. 

In the advanced options you can:

1. Add group tags
2. Amend memership settings
3. Set the maximum subscription length for members (how long a user can join a group for)
4. Amend CMS options 
5. Set the group wide membership expiry date