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John wants to start his own fruit juice and beverage company. He is aware of the large number of competitors in this industry. He is also aware of the fact that his product should not be very costly. To differentiate his product from that of his competitors, he decides to sell his beverages in specially designed containers that keep the juice fresh for 7 days even without refrigeration. John is focusing on the _____ component of the marketing mix.
Supplies
Items used in the operation of a business that are not directly associated with the products or services being sold, such as office supplies.
Contra-Asset
An account that reduces the value of an asset account with which it is paired, used to account for allowances, depreciations, or impairments.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against an asset over its useful life to date.
Contra-Asset
An account that decreases the balance of its associated asset account through a contra entry.
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