pyramid selling - definition in the Business English Dictionary - Cambridge Dictionaries Online (US)

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English definition of “pyramid selling”

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pyramid selling

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.
Translations of “pyramid selling”
in Chinese (Traditional) 金字塔型銷售術, 傳銷, 老鼠會…
in Chinese (Simplified) 宝塔式销售,传销…
(Definition of pyramid selling from the Cambridge Business English Dictionary © Cambridge University Press)
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