pyramid selling


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Related to pyramid selling: pyramid scheme, Multi Level Marketing

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
References in periodicals archive ?
The large margin between production cost and consumer price (3 US cents to 45-65 US cents in 2000), and ever-extending networks of pyramid selling, pushed the distribution down into every street and school.
"Everyone thinks it is an easy way t o make money by buying property and renting it out, but it is something like pyramid selling - there are just far too many people on the merry-go-round."
Nearly two-thirds (64%) of the 11,000 interviewees had heard of pyramid selling or chain letters, while 56% were aware of holiday-club cons.
The Sink offers a lively anecdotal guide to the laundry business and its related scams extending from cable piracy to internet casinos, pyramid selling, telemarketing fraud, disguised loans, kickbacks, false end-user certificates to something called death-spiralling, a scheme devised to run a company's share price into the ground while hard selling the stock to 'mug' punters.
PYRAMID selling scams which result in thousands of women losing their savings are to be banned.
A LOTTERY boss sacked for roping staff into a pyramid selling scam launched a bid for compensation yesterday.
can constitute pyramid selling which is prohibited by Japanese legislation.
All offers of self employment should be limited to those that give rewards based on the sale of goods and services; and it should be illegal to provide direct sellers remuneration for participation in a scheme based solely on the introduction of other participants.Commission hearing.Dr Dieter Hoffmann of the DG Health and Consumer Protection chaired a two-day hearing in Brussels in mid-March on door to door selling, pyramid selling and multi-level marketing.
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.
In February 2013, the Federal Court made declarations by consent that a former director of Crimeguard International Security Systems Pty Ltd was involved in a pyramid selling scheme.