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pyramid selling |
Also found in: Dictionary/thesaurus, Hutchinson | 0.02 sec. |
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pyramid selling 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 How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The company also is facing a lawsuit in Belgium that alleges it engages in pyramid selling schemes that violate the Belgian Fair Trade Practices Act. Playing the role of a stranger in a strange land, Owen examines these enterprises and also provides first-person accounts of a Beatles memorabilia tour, a conference for Amway-like pyramid selling networks, and a meeting in St. Unlike pyramid selling, which is illegal, upstream agents receive commissions on the sales of the downstream agents in their sales organization. |
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