what is the difference of threat of new entrant and threat of substitute product?
Answers
Explanation:
it is a basic industry as heavy medium and light Industries depend on for machines and electrical goods goods it also considered heavy industry as raw material and finished goods are both heavy and bulky it is a public sector of industry it is concentrated is close to mineral rich areas of Chota Nagpur Plateau region in West Bengal Jharkhand Odisha and in Karnataka Tamil Nadu some factors are responsible for location of iron and steel Industries Dzire first close proximity to the areas where raw materials are found to reduce the transportation cost second availability of chief labour third regular supply of water and power IV nearest to the markets where finished products can be sold V close to seaports export facilities at present there are 46 software Technologies Technology parks in India which 30% are women employees the fast growing BPO business process Outsourcing is a major foreign exchange earner for the country importance it centres are Bengaluru Nodia Mumbai Chennai Hyderabad and Pune