Retail industry now includes distribution of goods and services to customers, including the food, furniture, electronic equipment, clothing and services. The stability and success of retail stores depends on the determination and utilization of production factors that are relevant.
Entrepreneur
Entrepreneur or company is the first production factor who important in the success of retail stores. He should be able to determine the stability of the business and to receive and organize other production factors.
Capital
No less important is the factor of capital; it could be money but could also be others: buildings, electronic equipment, or intellectual resources.
Entrepreneur or company should be able to determine the relevant capital needed for business.
Worker
Worker factors also played a part in advancing your retail business. It presumably can be divided into three broad categories of skilled, semi skilled or unskilled labor.
Natural Resources
Land for business location, or food ingredients for restaurants, oil to run machinery, and so forth are natural resources that important to the production process. Entrepreneur should be able to find this natural resource provider.
