pyramid selling


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Related to pyramid selling: pyramid scheme, Multi Level Marketing

pyramid selling

n
(Commerce) a practice adopted by some manufacturers of advertising for distributors and selling them batches of goods. The first distributors then advertise for more distributors who are sold subdivisions of the original batches at an increased price. This process continues until the final distributors are left with a stock that is unsaleable except at a loss
Translations

pyramid selling

n˜ Schneeballsystem nt
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References in periodicals archive ?
Like the gullible investor in a pyramid selling scheme, she got involved in imagining rich rewards to discover she'd only get her return by fooling others - as well as herself.
These pyramid selling companies lead the public to believe that they are involved in a marketing network.
Although an outright ban on pyramid selling and network marketing was now in place, the representative said "very few companies" had been contacted to adhere to the ministerial order.
The Australian Competition and Consumer Commission has instituted proceedings against Lyoness International AG, Lyoness Asia Limited, Lyoness UK Limited and Lyoness Australia Pty Limited (together Lyoness ) for operating a pyramid selling scheme and engaging in referral selling.
His scams included swindling 87 investors of PS900,000 over an ostrich farm venture and setting up pyramid selling schemes on the internet.
She dismisses claims by some in America that the New York stock market-quoted group is no more than a pyramid selling scheme that exploits vulnerable people while making its senior executives very rich.
Coun Marcus Hart, joint committee chairman of the team, said: "Scams take many forms, including fake prize draws, bogus health cures, pyramid selling and letters asking for advance fees.
PAYDAY loans must surely be the modern day equivalent of those 1980s timeshares and pyramid selling schemes.
He was also a member of the old West Midlands County Council and became renowned for campaigning against pyramid selling scams, prompting a change in the law.
Remember the Pyramid Selling schemes, the South Sea Bubble and Tulipamania.
The authorities in the United States have been heavily criticised for failing to clamp down on the actions of Bernie Madoff, the New York broker recently accused of a 50 billion dollars pyramid selling fraud.
this time a rich guy conned everyone in a pyramid selling scheme.