The Bitter Economics of MLM: The Most Successful

The Bitter Economics of MLM: The Most Successful

Assessment

Interactive Video

Business

7th - 12th Grade

Hard

Created by

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The video discusses Holly Chen, a top earner in Amway, highlighting her income sources and the broader implications of multi-level marketing (MLM) businesses. It examines the economic and social impact of MLMs, noting that a significant portion of income comes from seminars rather than direct sales. The video also presents statistics on MLM participation in the USA and compares potential earnings with other wealthy individuals. It concludes with a discussion on the social and legal aspects of MLMs, questioning their ethical standing.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is Holly Chen associated with in the MLM industry?

Amway Corporation

Herbalife

Avon

Mary Kay

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated percentage of the US population involved in MLMs?

2.5%

15%

5.5%

10%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the income of the top MLM earner compare to the general population?

They earn the same as the average American

They are among the top 100 richest in America

They earn less than the average American

They are among the top 20 richest in America

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common social issue associated with MLMs?

Improved work-life balance

Guaranteed financial success

Pressure to buy unnecessary products

Increased job security

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the FTC's statement imply about MLMs?

They are always legal

They are illegal pyramid schemes

Their legality is questionable

They are endorsed by the government