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Answer :
Final answer:
Janis is planning what is best classified as a startup. This term refers to a young company founded by an entrepreneur to launch a unique product or service in the market. The founders make a significant investment of their own money, facing a high level of risk due to imperfect information.
Explanation:
When Janis opens her own restaurant without using a franchise model, she is starting her own independent business from scratch. Therefore, this scenario is best classified as a startup.
A startup is a young company founded by one or more entrepreneurs to develop a unique product or service and bring it to market. In Janis's case, her restaurant will be the unique business she will be bringing to the market. Like other startups, her business is likely a risk and representa a significant investment of her own money, which shows her belief in its prospects.
The information surrounding startups usually has a level of imperfect information for factoring risks. Therefore, successful founders, such as Janis, are often those who have done a tremendous amount of research and work to obtain as much information as possible about their business plan and their marketplace.
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