Buyback rule

Buyback rule,

Definition of Buyback rule:

  1. In network marketing, policy of most firms to accept returned merchandise from their independent representatives at a specified price (usually 90 percent of the original price). This rule is applicable for a specified period (usually 45 days) after the sale, provided the returned goods are in resalable condition. It aims to protect buyers from their over optimism, and to discourage front-loading by the firm.

Meaning of Buyback rule & Buyback rule Definition