Question #1: Do you think black owned business overcharge their customers for regular items that may cost less? If so, why is that?
Personally I do believe that there are some places that do overcharge for some items that you can find else where for way less. I do understand that they need to make a profit, but sometimes it can be hard to instantly run to those shops when you know you can find a better deal. There can be many reasons for the pricing infrastructure, one being that the original cost of wholesale purchasing can be very high, or the store may want to target an audience with a larger budget, another reason could be that they want to profit quickly to cover the cost of other expenses.
Question #2: Should minorities be prone to only shop solely bb?
Question #3: Is it necessary to support B.O.B?
We all know businesses are not easy to open and operate. Facts state most business never make a profit for the first 2 years, and within the 1 year most quickly shut down; others have to file for bankruptcy unable to keep up with the finances.
Typically when business are operated by a race that one can identify themselves with, people tend to see that as an opportunity to ask for hand outs, freebies, and or discounts. For whatever reason they don’t believe they should have to pay full price for the item.
Question #4: Would it be considered selling out by not supporting them and going with a cheaper option?
There may be a misconception that those who don’t shop black owned stores are being cheap. Which may not be true, everyone finances are different and depending on where you are located geographically you may not find those stores close to your surrounding.
Question #5: But if there were shops within your surrounding would it be considered wrong if you still choose to go to a competing store?
There’s no harm in supporting all types of businesses. Living in America the land of opportunity, you are bound to find multiple businesses owned by several minorities, it may not be the one that you identify yourself with, however everyone has to make it somehow in this world. Going to school isn’t for everyone, and not everyone can be a nurse or a doctor. We all are fighting to make it in this world the best way we know how. If you can afford to support a business, they would graciously appreciate your contribution.
Question #6: Are black businesses trying to take over their industry?
Beauty supply industry:
In the beauty industry African Americas are the largest minority consumers but yet are not owners of any global beauty supply stores. Chinese business owners are profiting off this niche market as the beauty demand continues to rise. Unfortunately it is very hard for black women to gain back control of their industry and fully operate a beauty supply store with out having a connection to the Chinese; whom own and manufacture all of the materials needed.
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