Jane wants to open a restaurant.She is not interested in a franchise; she wants to build her business literally from the ground up.When she does, her business will be classified as a:
A)entrepreneurial opportunity.
B)start-up.
C)new market idea.
D)serendipity.

Question

Quizplus · Accepted Answer

A start-up is a newly established business, often with a unique product or service in a specific market. Jane's plan to build her restaurant from scratch fits the description of a start-up. Option A, entrepreneurial opportunity, is more of a broader term referring to any venture that involves taking a risk to start a new business or project. Option C, new market idea, may apply if Jane's restaurant offers something in the market that is not yet available. Option D, serendipity, refers to a happy accident or unexpected discovery, which is not relevant to the question.

Jane Wants to Open a Restaurant