Set (something) up

Do you know the English expression “to set (something) up” or “to set up (something)“? Read the conversation below. Can you guess the meaning?

Andrew: I heard that Grace has set up her own business.

Vera: Yes, she set it up a few months ago. It’s doing quite well.

Does it mean:

a) finish something

b) start something

c) take responsibility for something

d) repeat something

The answer is below! ↓

 

Answer: b) start something