Daffodil International University
Faculties and Departments => Business & Entrepreneurship => Business Administration => Topic started by: Jeta Majumder on March 30, 2014, 02:20:37 PM
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A system in which people buy the rights (often a franchise) to sell a company's products to other distributors who have been recruited, who then sell the products on to other recruits. This type of selling often ends up with no final buyer for the products. The few people at the top of the pyramid commonly make a lot more money than the many people at the bottom.
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A pyramid scheme is an unsustainable business model that involves promising participants payment or services, primarily for enrolling other people into the scheme, rather than supplying any real investment or sale of products or services to the public.
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Thank you for sharing in-depth of this topic..:)
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Pyramid schemes have cost many people their hard-earned savings. The concept behind them is simple; however, they're often presented to investors in a disguised form. For this reason, it is important to not only be familiar with how pyramid schemes work, but also with the different shapes and sizes they can take.
Sayed Farrukh Ahmed
Assistant Professor
Faculty of Business & Economics
Daffodil International University
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Thanks to share the new name of this concept.
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thanks for sharing.
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thank u...