betsy’s bakery is privately owned and operated. this is an example of a(n)\nchain.\nfranchise.\nindependent…

Brief Explanations:

An independent business is privately - owned and operated without being part of a larger chain or franchise system. Chains are groups of multiple stores under one brand. Franchises operate under a license from a larger company. Managed businesses may have external management. Since Betsy's Bakery is privately owned and operated, it fits the definition of an independent business.

Answer:

independent business.