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pyramid selling
noun
- 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
Example Sentences
She was invited to join a direct sales company, sometimes called multilevel marketing, pyramid selling, a home-based business or network marketing.
“Only, it's not in any way a pyramid selling thing, is it, Helena?â€
“They have accused the company of pyramid selling, but they did nothing wrong. They only wanted to help poor people,†one demonstrator-investor told the Reuters news agency.
The blood feud involving Niko's family began shortly after the deep economic crisis in Albania caused by the collapse of so-called pyramid selling schemes.
China is carrying out three months of co-ordinated action to investigate and clean-up the practice of pyramid selling.
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