"Pump and Dump" Refers to the Process in Which a Con

question 25

True/False

"Pump and dump" refers to the process in which a con artist purchases a large amount of a virtually worthless stock,then circulates rumors that inflate the stock's value,and then sells for a profit.

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Definitions:

Marketing Channel

A set of practices or activities necessary to transfer the ownership of goods, and to move goods from the point of production to the point of consumption.

Farmer's Market

A public marketplace where local farmers and artisans sell their produce, goods, and crafts directly to consumers.

Retailer

A business entity that sells goods or services directly to end consumers.

Intermediaries

Individuals or businesses that act as a middleman in the distribution chain between producers and consumers, such as wholesalers or agents.