- pyramid selling pyramid selling ➔ selling
* * *pyramid selling UK US noun [U] (also pyramid scheme [C]) COMMERCE► a way of making money, illegal in many places, in which someone sells people the right to sell a company's products. These people then sell the right to others, and this continues until many people have bought the right, with the original seller getting a share of every payment: pyramid selling scheme/scam »
What seemed like a legitimate business turned out to be just another pyramid selling scheme.»
While pyramid selling or multi-level marketing could be legitimate activities, schemes offering income for recruitment offer scope for abuse.
Financial and business terms. 2012.
Look at other dictionaries:
pyramid selling — noun A method of distributing goods by selling batches to agents who then sell batches at increased prices to sub agents, and so on • • • Main Entry: ↑pyramid * * * pyramid selling UK US noun [uncountable] business a system of selling things in… … Useful english dictionary
pyramid selling — An increasingly common way of selling goods is through trading schemes which operate on more than one level. Participants (or downliners ) in such schemes buy goods from the scheme organiser or other participants and then sell them to the general … Law dictionary
pyramid selling — pyramid .selling n [U] a business activity in which the main income comes from people who buy the right to sell products, rather than from the sale of the products themselves. Pyramid selling is illegal in many places … Dictionary of contemporary English
pyramid selling — pyramid ,selling noun uncount a system of selling things in which someone buys a large supply of goods and sells them in smaller amounts to other people, who then sell them to others in even smaller amounts … Usage of the words and phrases in modern English
pyramid selling — ► NOUN ▪ a system of selling goods in which agency rights are sold to an increasing number of distributors at successively lower levels … English terms dictionary
pyramid selling — N UNCOUNT Pyramid selling is a method of selling in which one person buys a supply of a particular product direct from the manufacturer and then sells it to a number of other people at an increased price. These people sell it on to others in a… … English dictionary
pyramid selling — Mktg the sale of the right to sell products or services to distributors who in turn recruit other distributors. Sometimes ending with no final buyer, pyramid selling is a form of multilevel marketing, and often involves a system of franchises. It … The ultimate business dictionary
pyramid selling — A method of selling to the public using a hierarchy of part time workers. Usually a central instigator (at the apex of the pyramid) sells a franchise to regional organizers for a certain product, together with an agreed quantity of the goods.… … Big dictionary of business and management
pyramid selling — / pɪrəmɪd ˌselɪŋ/ noun an illegal way of selling goods or investments to the public, where each selling agent pays for the franchise to sell the product or service, and sells that right on to other agents together with stock, so that in the end… … Dictionary of banking and finance
pyramid selling — / pɪrəmɪd ˌselɪŋ/ noun an illegal way of selling goods or investments to the public, where each selling agent pays for the franchise to sell the product or service, and sells that right on to other agents together with stock, so that in the end… … Marketing dictionary in english