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NutriFoods is concerned that its advertising messages are not getting through to the target market as intended.Its radio ads contain music that its target market does not like,and its spokesperson has a very nasal voice that sounds as though he has a perpetual cold.These are examples of noise in the communications process.
Permanent Income Hypothesis
The theory that an individual's consumption patterns are based on their long-term income expectations rather than their current income.
Income Distribution
How wealth and income are shared among a population, often analyzed for insights into economic inequality.
Minimum-wage Laws
Legislation that sets the lowest legal wage that can be paid to workers, aiming to ensure a minimum standard of living for employees.
Unskilled Labor
Labor that requires no specialized skills, education, or training to perform, often associated with lower wages.
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