Answer:
The correct answer is letter "C": the level of fixed cost used in the​ company's production process.
Explanation:
Business risk is the risk associated with the overall operations of a business entity. It is the risk that the business managers may make incorrect decisions or fail to anticipate future events causing the organization to be unprofitable. There are four types of business risk: Strategic, Compliance, Operational, and Reputational. Â
In that sense, the fixed costs of the company's production process are not one of the four specific business risks.