Company P is a large manufacturer of furniture. The company's machine operation, labor, marketing, and sales costs are divided among a large number of products. This gives Company P an advantage because it can sell similar furniture at lower prices than small and mid-sized furniture companies. This illustrates Company P's competitive advantage is due to its

	a.	economies of scale.
	b.	learning-curve effects.
	c.	time compression economies.
	d.	superior customer service.